PETALING JAYA: Global semiconductor sales, which have been on an upward trend, are set to be a boon for local tech companies.
Citing the latest Semiconductor Industry Association (SIA) data, MIDF Research in a report yesterday said the worldwide sales of semiconductors remained strong in the first quarter of 2022, rising 23% year-on-year despite the ongoing global chip crunch.
“The global sales for March 2022 stood at US$50.6bil (RM222bil), with America continuing to lead other regional markets with 40.1% growth year-on-year.”
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