semiconductor industry

JEP's diversification away from the aerospace industry is taking off

SoftBank shares surged as much as 10% on news of the deal and renewed talks for the company going private.

KGI has upgraded UMS Holdings, which provides equipment and manufacturing services for the semiconductor industry, to ‘neutral’, with a new target price of 89 cents from 74 cents previously.

2H20 is looking good for this stock

The semiconductor industry is booming and these stocks are under the spotlight

This stock is expected to reach an all-time high

Maybank Kim Eng Research analyst Lai Gene Lih says that stocks such as UMS Holdings and AEM Holdings are not only unlikely to face disruptions from the Covid-19 pandemic, but are also poised to thrive on strong outlooks from their key customers.

On the back of improved performance, UMS is proposing a 1.0 cent tax-exempt interim dividend that is slated to be paid out on July 28. This dividend is also double that of the 0.5 cent dividend paid out last year.

“Semiconductors serve as the backbone to all things tech. Hence, we remain fairly confident for the industry,” KGI analyst Kenny Tan tells The Edge Singapore.

“Something that has always happened when these great, massive dislocations take place is that you end up seeing innovation coming out of them,” says Micron’s executive vice-president of global operations Manish Bhatia, referring to the Covid-19 pandemic.