IoT and AI buy Silterra some time

TheStar Sat, Jan 16, 2021 08:30am - 3 years View Original


Silterra Sdn Bhd is the loss-making wafer foundry that Khazanah Nasional Bhd has been trying to dispose since early last year.

THE semiconductor industry went through a major downturn in 2018 and 2019 due to an inventory glut, but it has since started to bounce off from that situation.

The recovery coincided with the global economy’s enemy number one, Covid-19, which sent almost a third of the global workforce scurrying to work from home, but that saw an increased demand in hardware alongside the wide adoption of digital measures.

The protracting trade tensions between the United States and China have evolved the semiconductor supply chain and created a shortage in the market, forcing China to be more self-sufficient and source for alternatives as demand for chips starts to grow alongside the heightening demand for artificial intelligence (AI) and Internet-of-things (IOT) devices, and this is where Malaysia, among other countries, is set to benefit.

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