Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid
PETALING JAYA: Amid current headwinds, the local manufacturing sector is anticipated to stabilise as it enters 2025 with the global electronics downcycle projected to bottom out.
According to the latest World Semiconductor Trade Statistics, the global semiconductor market is forecasted to grow by 12.5% next year, reaching an estimated valuation of US$687bil.
