Chip sector upcycle intact


CIMB Research reiterated its “overweight” stance on the Malaysian technology sector.

PETALING JAYA: The domestic semiconductor sector remains on track for recovery despite facing short-term headwinds, particularly due to unfavourable foreign exchange (forex) rates, with the ringgit strengthening against the US dollar.

According to RHB Research, the new semiconductor upcycle is in its early stages, citing gradual increase in demand.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Enproserve secures RM12mil facility management contract from Perbadanan Putrajaya
ETA Group appoints Kau Sin Yual as chairman
PETRONAS LNG portfolio positions Malaysia to capture Asia’s growing gas demand
Tan Chong, Saike explore EV battery pack localisation in Malaysia
Ringgit ends mostly higher against major currencies, but weakens vs US dollar
MBSB Bank provides RM29.6mil financing to Bisajuta for Sabah infrastructure projects
Reservoir Link secures PPA for 200MWac solar facility in Sarawak
MASkargo, IAG Cargo and Qatar Airways Cargo complete first customer shipment trial
Citi appoints Yik Ping Chong as Malaysia commercial banking head
Binastra records 93.4% revenue growth in 1H27, declares 4.0 sen dividend

Others Also Read