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.
Global semiconductor sales grew 1% month-on-month (m-o-m) and 13.2% year-on-year (y-o-y) in January 2021 to US$40bil.
According to TA Securities, this was the first-time that sales growth on a y-o-y basis crossed into the double-digit territory since the start of the upcycle in February 2020.
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