PETALING JAYA: The technology sector is expected to remain resilient, supported by the ongoin trend of automation and digitalisation. This trend is anticipated to drive demand for semiconductor chips and digital products as a whole with the advent of fifth-generation (5G) and other factors. The brokerage said the trend would continue to propel the positive outlook for semiconductor players throughout 2022. Consumer demand has remained high and pushed all major product categories to double-digit growth-rates, except optoelectronics,” MIDF Research said. “The annual chip sales and units shipped are estimated to reach all-time highs in 2021, with moderate annual growth projected in 2022,” it said.

Source: The Star January 04, 2022 02:41 UTC