Things looking up for Foundpac

TheStar Mon, May 17, 2021 09:40am - 2 years View Original


With the advent of the 5G era, JF Apex Securities said the demand for semiconductors and integrated circuits will be greatly enhanced. “Demand for Foundpac products will be substantial and driven by the significant capital expenditure projected by semiconductor players, ” it said in a report.

PETALING JAYA: Foundpac Group Bhd is expected to report steadier earnings going forward, spurred by the bright growth outlook of the global semiconductor industry.

The global semiconductor market growth is expected to accelerate in 2021, driven by hastened technological progress that had been brought upon by the Covid-19 pandemic.

With the advent of the 5G era, JF Apex Securities said the demand for semiconductors and integrated circuits will be greatly enhanced.

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