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It looks like its good news for the semiconductor sector with the World Semiconductor Trade Statistics organisation raising its global semiconductor sales forecast for this year, backed by a healthy growth trajectory.
PETALING JAYA: The demand for semiconductors, especially chip products in automotive and digital devices, is expected to remain strong, given the mass digitisation effort amid the Covid-19 pandemic.
TA Securities Research is maintaining its overweight outlook on the semiconductor sector with buy calls on Inari, Unisem, MPI and Elsoft after the strong global chip sales and billings.
KUALA LUMPUR: The continued rise in global demand for semiconductor amidst the gradual economic recovery bodes well for local outsourced semiconductor assembly and test providers.
KUALA LUMPUR: Semiconductor and tech-related stocks led the stock higher in early Thursday trade after the broad selloff the previous day as investors sentiment perked up on the firmer overnight Wall Street close.
PETALING JAYA: Technology stocks have kicked-off 2021 strongly, dominating the gainers list on Bursa Malaysia in spite of a negative environment where investors continue to be overwhelmed by the Covid-19 pandemic.
KUALA LUMPUR: Shares in Malaysian Pacific Industries Bhd (MPI) rose to its highest in over 20 years while several semiconductor-related companies rose in active trading on Thursday.
KUALA LUMPUR: Global sales of semiconductors rose 4.5% to US$37.9bil in September from August and were 5.8% higher from a year ago, according to the Semiconductor Industry Association (SIA), painting a positive outlook for the chip sector.