“The semiconductor industry is riding on a strong uptrend, with significant demand for semiconductor chips arising from 5G-related spending and the growth of data,” states the research team.
UOB Kay Hian is upbeat on the prospects of the tech manufacturing industry, with a “buy” call on all the companies of this sector under its coverage.
In its July 29 report, the research team from UOB Kay Hian notes that companies servicing the semiconductor and auto industries are clear beneficiaries, given the industry tailwinds.
