AMIDST the coronavirus-induced market sell-off in 2020, local semiconductor stocks shone on the back of robust demand for chips as lockdowns and travel restrictions prompted consumers to buy more smartphones and electronic devices.
Analysts expect prospects for the sector, which saw sales rising more than a quarter over a year to US$43.6bil (RM184.19bil) in May, to remain healthy as the push towards digitalisation and the adoption of new technologies continue to support chip demand.
One stock in the value chain that has also been riding the semiconductor growth wave is Kelington Group Bhd
– a company that provides ultra-high purity (UHP) gas delivery solutions for the electronics and semiconductor industry.
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