Tech indices
ONE of the main theme investors, industry players and analysts are telling themselves is that stay-at-home orders because of the pandemic have accelerated the usage of technology.
A question that is hogging the investment world these days is whether the lofty valuations of tech stocks are justified. The concern is whether the share prices of tech stocks are in for a major correction. Is this going to be a repeat of the year 2000 dot.com bubble burst?
And with the Covid-19 pandemic continuing to hurt economies around the world, it is unusual for technology stocks to surge to all-time highs.
European Semiconductor Sales Up 6 4% YoY in January iconnect007.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iconnect007.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (March 2): Global semiconductor industry sales rose 13.2% year-on-year (y-o-y) in January to US$40 billion from US$35.3 billion a year earlier, according to the US-based Semiconductor Industry Association (SIA).
In a statement on its website yesterday, the SIA said the figure was 1% more than the December 2020 total of US$39.6 billion.
Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average.
SIA president and chief executive officer (CEO) John Neuffer said global semiconductor sales got off to a strong start in 2021, increasing both y-o-y and month-on-month (m-o-m) in January.
“Global semiconductor production is on the rise to meet increasing demand and ease the ongoing chip shortage affecting the auto sector and others, and annual sales are projected to increase in 2021,” he said.
Semiconductor Market Up 6 5% in 2020 iconnect007.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iconnect007.com Daily Mail and Mail on Sunday newspapers.