Meanwhile, chip sales have bottomed out, and should improve. But Seet does not expect a V-shaped recovery, as moderated growth is more plausible.
SINGAPORE (July 3): RHB Group Research is keeping its “overweight” rating on the technology sector as the semiconductor industry is expected to see a recovery. Sustained capital equipment spending and the global memory rebound can be expected for 2H20, too.
In a Friday report, lead analyst Jarick Seet says, “Inventories are stabilising, and dynamic random-access memory (DRAM) pricing is likely to rise. SEMI also expects equipment sales to grow 5.5% y-o-y to US$60.8 billion in 2020, on advance logic and foundry spending and new projects in China.”
