Stay updated with breaking news from Globetronics Technology. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
KUALA LUMPUR, Oct 20 — Malaysian electronics firms central to the supply of basic chips that drive the world’s cars, smartphones and home devices say big-name customers are beating on their doors to lock in take-or-pay, longer-term deals — and happy to pay more if need be. Manufacturers are...
/cloudfront-us-east-2.images.arcpublishing.com/reuters/NC77S6JBURIE7NVRDTUAZXMT6Y.jpg)
Malaysian electronics firms central to the supply of basic chips that drive the world's cars, smartphones and home devices say big-name customers are beating on their doors to lock in take-or-pay, longer-term deals - and happy to pay more if need be.
Among catalysts that will drive the sector for this year include 5G network deployment with the high adoption rates and stronger demand and supply for 5G devices, as well as growing sub-sectors such as automotive/electric vehicles, Internet of Things, artificial intelligence, medical/life science and the Industrial Revolution 4.0. PETALING JAYA: The technology sector is expected to see a strong earnings growth for the next two years that will support its lofty valuation, according to Maybank IB Research. In a report yesterday, the research house pointed out that the ‘rich valuations’ of t...
closed up one sen to 99 sen. An analyst with a local bank-backed brokerage attributed the strong performance of local tech stocks to the large shift towards digital services that has been accelerated by the Covid-19 pandemic. “The global pandemic has fuelled the growth for technology. With the concept of work-from-home and distant learning becoming the standard operating procedure, there has been a rise in demand for laptops while data centres have also ramped up their capacity to handle the surge in web computing usage. “Today, the reliance on tech to get things done has never been grea...