The chips are down but not for long

With its recovery halted by the pandemic, the semiconductor sector is expected to bounce back strongly in the ‘new normal’ where tech is everything

SINGAPORE (Apr 30): As the Covid-19 pandemic rages on, many investors are fleeing the stock markets for shelter in safe-haven assets like gold, cash and sovereign debt. But the wiser ones know this is a good time to hunt for bargains given the market volatility. And many are betting on technology stocks to hold their value during the crisis and grow strongly when it blows over.

Prior to the virus outbreak, market watchers had been betting on a broad-based recovery for the semiconductor market that is known to be notoriously cyclical. However, the outbreak has delayed the much awaited rebound due to supply- and demand-side disruptions.

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