PETALING JAYA: Technology sector earnings may have bottomed out, according to analysts, who forecast a pick-up in performance in the second half of 2023 (2H23).
The fact that global chip sales have increased month-on-month for the fifth consecutive month in July has further reaffirmed the technology sector’s improving outlook.
In addition, the World Semiconductor Trade Statistics foresees global semiconductor sales rebounding by 11.8% year-on-year (y-o-y) in 2024 to US$576bil, which would mark a new record for the industry.
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