The Malaysian tech sector is facing headwinds due to a slowdown in global chip demand. Local semiconductor companies like Inari Amertron and Vitrox are seeing their share prices under pressure, as investors express concerns over the industry's near-term outlook and supply chain adjustments.
Malaysia's technology sector, particularly semiconductor-related companies, has been under significant pressure recently. The slowdown in global demand for smartphones and personal computers has directly impacted the earnings expectations of chip manufacturing and assembly and test service providers. Major tech stocks such as Inari Amertron (INARI) and Vitrox Corporation Bhd (VITROX) have seen declines of approximately 3% and 2.5% respectively over the past week. Analysts indicate that while emerging technologies like AI and 5G will continue to drive long-term semiconductor demand, the industry may require time in the short term to digest inventory and adjust production. Investor sentiment towards tech stocks is leaning towards caution.
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