Broad global growth to lift semiconductor sector


TA Research reiterated its “overweight” stance on the semiconductor sector.

PETALING JAYA: Broad-based growth is expected for the semiconductor market this year benefiting local players following the sector’s highest-ever global annual sales recorded last year, analysts say.

Last year, annual global sales reached US$627.6bil, up 19.1% year-on-year (y-o-y) compared with US$526.8bil in 2023.

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