PETALING JAYA: TA Research is maintaining an “overweight” call on the local semiconductor industry although near-term earnings of some semiconductor stocks are likely to be impacted by the recent strengthening of the ringgit against the US dollar.
“We remain optimistic about the medium to long-term outlook of the semiconductor sector in Malaysia, supported by the ongoing recovery in global demand for semiconductors and a PC replacement cycle,” TA Research said in a note to clients.
