semiconductor industry

“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.

Maybank analyst Lai Gene Lih identifies AEM Holdings to be the brokerage’s top tech sector pick, while remaining positive on UMS Holdings and Valuetronics. In contrast, the brokerage has downgraded Venture Corp and Hi-P International to "sell".

"As our key clients are major global semiconductor equipment manufacturers, we believe that we are poised to gain from the technology revolution."

“Our thesis that UMS is a beneficiary of the upswing in semiconductor capex, which is still in the early stages, appears playing out,” says Maybank Kim Eng analyst Lai Gene Lih.

At the centre of the bullish sentiment on UMS is its “entrenched relationship” with its key customer, Applied Materials.

Singapore’s worsening manufacturing sector was a cause for concern as the country’s economy slowed

Looking ahead, AMAT’s contributions are unlikely to wane anytime soon, as the brokerage projects FY19-21E earnings compounded annual growth rate (CAGR) of 28% for UMS, driven by its key customer’s sustained spending in logic and foundry segments, as w

SINGAPORE (Nov 29): Precision engineering services firm AEM Holdings is flying high. Year-to-date, its share price has more than doubled to close at $1.71 on Nov 28, climbing from 82.5 cents at the start of the year.

SINGAPORE (Dec 2): UMS Holdings, along with the numerous Singapore-based companies in the semiconductor supply chain, is poised.