The strong demand across major regions and product categories has pushed the global sales of chips higher by 18% year-on-year to US$51.8bil (RM229.4bil) in May, according to the Semiconductor Industry Association.
PETALING JAYA: Malaysian tech firms are expected to benefit from the sustained growth in demand for semiconductor chips from automotive and consumer electronics industries.
According to the World Semiconductor Trade Statistics (WSTS), global semiconductor sales are expected to grow by 16.3% year-on-year (y-o-y) to US$646.5bil (RM2.86 trillion) this year.
Based on the optimistic outlook, TA Research has maintained its “overweight” call on the semiconductor sector with a preference for outsourced semiconductor assembly and test providers.
The research house said these include Inari Amertron Bhd, Unisem (M) Bhd and Malaysian Pacific Industries Bhd (MPI) for their robust sales pipeline, earnings growth prospects, strong balance sheets and expansion plans.
Inari Amertron n
“Beyond near-term headwinds from geopolitical tensions and supply chain disruptions, we expect them to benefit from the structural growth in chip demand.,
,小飞机 怎么 加 群（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
“This is fuelled by the multitude of secular trends including 5G, artificial intelligence, cloud computing, the Internet of Things, robotics and vehicle electrification,” it said in a report yesterday.
TA Research has a target price (TP) of RM3.30 on Inari, RM3.50 on Unisem and RM38.60 on MPI.
It also upgraded Elsoft Research Bhd to “buy” with a TP of 70.5 sen, given the improved risk reward potential following the stock’s recent share price weakness.
New semiconductor industry sales data reveals no let-up in demand in the near term, despite the many global economic headwinds.
Global chip sales in the month of May rose 1.8% month-on-month (m-o-m) and 18% year-on-year (y-o-y) to US$51.8bil (RM228.4bil), WSTS said in a recent report.
The May numbers means it was the 28th consecutive month of growth for the industry as year-to-date sales amounted to US252.7bil (RM1.12 trillion), up 19% y-o-y.
Companies are making fresh investments to meet demand with global fab equipment spending for front-end facilities in 2022 revised to grow by 20% y-o-y to US$109bil (RM482.6bil) from US$107bil (RM473.8bil), TA Research said.