PETALING JAYA: The technology sector is set for another solid year in 2022. Accelerated digitalisation and the upcycle of global semiconductor sales are pumping up demand, surpassing the industry players’ ability to supply. The technology sector has been one of the few silver linings in the Malaysian stock market, amid its unexciting performance over the past two years. Meanwhile, TA Securities Research remained bullish on the semiconductor sector with an “overweight” view. At the current run rate, the semiconductor industry is on track to meet the WSTS’ projection for global semiconductor sales in 2021 to reach a new annual high of US$553bil (RM2.32 trillion), up by 25.1% y-o-y.

Source: The Star January 06, 2022 12:53 UTC