CEO Heng Charng Yee says the new business segment will enable Globetronics to package semiconductor chips supportive of artificial intelligence (AI) technology.
https://theedgemalaysia.com/node/708386

Analysts remain bullish on O&G sector, see oil prices rising to US$140 per barrel - https://theedgemalaysia.com/node/708770

https://theedgemalaysia.com/node/708124

'FBM KLCI may exceed 1,700 points'
https://www.nst.com.my/business/corporate/2024/03/1025462/%C2%A0fbm-klci-may-exceed-1700-points%C2%A0

How the US–China chip conflict is making way for new hubs like Malaysia and India
https://kr-asia.com/how-the-us-china-chip-conflict-is-making-way-for-new-hubs-like-malaysia-and-india

https://borneobulletin.com.bn/malaysias-semiconductor-exports-set-to-increase/

Taiwan’s chip industry heads overseas amid supply chain shift
https://www.ft.com/content/95ccd46d-aed3-4d82-aec6-06fedcf18879

China's EV-powered auto sales rebound, refreshing quarterly high..
https://asia.nikkei.com/Business/Automobiles/China-s-EV-powered-auto-sales-rebound-refreshing-quarterly-high

Car sales accelerate in March
https://www.chinadaily.com.cn/a/202404/08/WS661350c1a31082fc043c0b3a.html

China's EV-powered auto sales rebound, refreshing quarterly high.
https://asia.nikkei.com/Business/Automobiles/China-s-EV-powered-auto-sales-rebound-refreshing-quarterly-high

China's EV-powered auto sales rebound, refreshing quarterly high
https://asia.nikkei.com/Business/Automobiles/China-s-EV-powered-auto-sales-rebound-refreshing-quarterly-high

TA Securities keeps 'overweight' on tech sector, top picks Inari, Elsoft and MPI..
https://klse.i3investor.com/web/stock/overview/0127

TA Securities keeps 'overweight' on tech sector, top picks Inari, Elsoft and MPI.
https://klse.i3investor.com/web/stock/overview/0127

TA Securities keeps 'overweight' on tech sector, top picks Inari, Elsoft and MPI
https://klse.i3investor.com/web/stock/overview/0127

https://www.thestar.com.my/business/business-news/2024/04/09/robust-sales-expected-for-technology-sector

Top picks. MPI and Unisem are the Top Picks for exposure to the sector recovery, given the exposures to the growing demand for power management integrated circuits (ICs) and diverse end applications. Besides, recovery in China’s semiconductor space following two lacklustre years will help to boost of its utilisation rate and economies of scale at their existing plants in China. They also stand to benefit from US-China trade tensions in both of their plants in Malaysia as a neutral ground, as well as from China’s self-sustaining policies.
https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-04-01-story-h-184755715-Technology_Positioning_for_the_New_Upcycle_U_G_OVERWEIGHT

Top picks. MPI and Unisem are the Top Picks for exposure to the sector recovery, given the exposures to the growing demand for power management integrated circuits (ICs) and diverse end applications. Besides, recovery in China’s semiconductor space following two lacklustre years will help to boost of its utilisation rate and economies of scale at their existing plants in China. They also stand to benefit from US-China trade tensions in both of their plants in Malaysia as a neutral ground, as well as from China’s self-sustaining policies.
https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-04-01-story-h-184755715-Technology_Positioning_for_the_New_Upcycle_U_G_OVERWEIGHT

Samsung’s profits surge over 900% in first three months of 2024
https://www.bolnews.com/technology/2024/04/samsungs-profits-surge-over-900-in-first-three-months-of-2024/

Samsung makes strong comeback with 931% increase in Q1 earnings
https://www.koreatimes.co.kr/www/tech/2024/04/133_372169.html

February semi sales up 16.3% y-o-y
February semiconductor sales of $46.2 billion were up 16.3% on the February 2023 total of $39.7 billion but 3.1% down on January’s $47.6 billion, says the SIA.
https://www.electronicsweekly.com/news/business/838839-2024-04/

February semi sales up 16.3% y-o-y
February semiconductor sales of $46.2 billion were up 16.3% on the February 2023 total of $39.7 billion but 3.1% down on January’s $47.6 billion, says the SIA.
https://www.electronicsweekly.com/news/business/838839-2024-04/

Semiconductor sales up 16.3% to USD 46.2bn in February
The global chip market has just enjoyed its best year-on-year market growth since May 2022, says the Semiconductor Industry Association.
https://evertiq.com/news/55508

Semiconductor sales up 16.3% to USD 46.2bn in February
The global chip market has just enjoyed its best year-on-year market growth since May 2022, says the Semiconductor Industry Association.
https://evertiq.com/news/55508

Samsung: Tech giant sees profits jump by more than 900%
Samsung Electronics says it expects its profits for the first three months of 2024 to jump more than 10-fold compared to a year earlier.

Samsung: Tech giant sees profits jump by more than 900%
https://www.bbc.com/news/business-68738046

Samsung: Tech giant sees profits jump by more than 900%
https://www.bbc.com/news/business-68738046

https://www.thestar.com.my/business/business-news/2024/04/02/semiconductor-sectoron-a-new-upcycle

China's car sales up in Jan. and Feb. on strong EV sales
https://www3.nhk.or.jp/nhkworld/en/news/20240311_33/

Iron Ore Holds Best Weekly Gain Since September on China Outlook
Iron ore held its largest weekly advance in six months on quietly increasing optimism over the chances of an economic recovery in top consumer China..
https://www.bloomberg.com/news/articles/2024-03-25/iron-ore-holds-best-weekly-gain-since-september-on-china-outlook

Iron Ore Holds Best Weekly Gain Since September on China Outlook
Iron ore held its largest weekly advance in six months on quietly increasing optimism over the chances of an economic recovery in top consumer China.
https://www.bloomberg.com/news/articles/2024-03-25/iron-ore-holds-best-weekly-gain-since-september-on-china-outlook

Malaysia has secured potential investments from companies such as global semiconductor company Nexperia and X-Fab from the Ministry of Investment, Trade and Industry’s (MITI) recent trip to Germany and France.

These potential investments are reportedly worth RM46 billion and will boost potential Malaysian exports by RM2.4 billion
https://www.marketing-interactive.com/miti-investments-germany-france-local-brands-succeed-internationally

PHLX Semiconductor (^SOX) was up 2.29% yesterday..

PHLX Semiconductor (^SOX) was up 2.29% yesterday.

Malaysia has secured potential investments from companies such as global semiconductor company Nexperia and X-Fab from the Ministry of Investment, Trade and Industry’s (MITI) recent trip to Germany and France.

These potential investments are reportedly worth RM46 billion and will boost potential Malaysian exports by RM2.4 billion.
https://www.marketing-interactive.com/miti-investments-germany-france-local-brands-succeed-internationally

Samsung Electronics of South Korea announced on March 20 that it expects to generate over $100 million in revenue this year from its advanced semiconductor packaging business. CEO Kyung Kye-hyun, at the annual shareholders' meeting, mentioned that the investment in this newly launched sector is expected to yield results in the latter half of the year. The company aims to achieve profits exceeding its market share in the semiconductor memory business, with a DRAM share of 45.5% in the last quarter of the previous year, according to TrendForce. Samsung is advancing in high-bandwidth memory (HBM) production to meet the growing demand driven by AI expansion and is likely to unveil the next-generation HBM4 in 2025, aiming for a comprehensive semiconductor service that meets customer needs by integrating memory, manufacturing, and design operations.

From Zurich to London to Washington, the great inflation scare that gripped the world economy after the pandemic is suddenly no longer keeping central bankers up at night.

Their confidence that raging consumer prices have been tamed is such that the Federal Reserve just defied recent data to keep projecting three interest-rate cuts this year
https://www.bloomberg.com/news/articles/2024-03-21/rate-cuts-latest-inflation-scare-fades-as-snb-leads-way-for-fed-ecb-boe

US memory chip maker Micron soars after AI growth boosts revenue forecast
https://www.scmp.com/tech/big-tech/article/3256203/us-memory-chip-maker-micron-soars-after-ai-growth-boosts-revenue-forecast

Micron's earnings were so good that shares in Western Digital, AMD and other chip stocks were on the rise as well Thursday.

Micron’s Surprise AI Boost Lifts Western Digital, AMD, Seagate, Other Chip Stocks
https://www.barrons.com/articles/micron-stock-western-digital-amd-seagate-cf4087ef?mod=barronsgooglenews

Tech Fund Beating 99% of Peers Says AI Rally Is Just Starting
Valuation levels still look reasonable, Tony Wang says
Fund manager finds better opportunities outside of China
https://www.bloomberg.com/news/articles/2024-03-21/tech-fund-beating-99-of-peers-says-ai-rally-is-just-starting

Malaysia gains from US-China trade tensions
https://www.nst.com.my/business/corporate/2024/03/1028636/malaysia-gains-us-china-trade-tensions

US stocks, tech draw record inflows in latest week - Barclays

LONDON, March 15 (Reuters) - Equity funds drew $56.4 billion of inflows in the latest week, driven by record inflows to both U.S. and technology funds, Barclays said in a note on Friday, citing data from EPFR.

Globally, all equity sectors saw inflows, with tech attracting the most on record at $22 billion, while healthcare and financials drew inflows of around $7 billion each, Barclays said..

Copper rallied to $9,000 a ton — its highest level in 11 months — on bets that a pick-up in global manufacturing activity will push up demand for industrial commodities.

The metal, seen as a bellwether of the global economy, has surged this week as investors warm to the idea that the worst of a global downturn is past.

https://www.bloomberg.com/news/articles/2024-03-15/copper-resumes-rally-toward-9-000-as-china-supply-tightens

FT: Amid US-China trade war, neutral Malaysia ‘surprise’ choice for global semiconductor industry

KUALA LUMPUR, March 11— Malaysia has reportedly emerged as an unexpected destination for the global semiconductor industry, inching out the conventional favourite China amid companies’ bid to protect its geopolitical interests.

United Kingdom-based business newspaper Financial Times reported that dozens of companies have set up operations in Peninsular Malaysia in the last 18 months, especially in Penang, such as American chip giants Micron and Intel, European semiconductor companies AMS Osram and Infineon, and Suzhou-based Fengshi Metal Technology.

“It’s a rush. It’s not only Chinese companies [setting up in Penang]. It’s Korean, it’s Japanese, and it is Western.
https://www.malaymail.com/news/money/2024/03/11/ft-amid-us-china-trade-war-neutral-malaysia-surprise-choice-for-global-semiconductor-industry/122820

Malaysia's semiconductor manufacturing flourishes in the face of U.S. and China's Chip War
https://www.tomshardware.com/tech-industry/manufacturing/malaysias-semiconductor-manufacturing-flourishes-in-the-face-of-us-and-chinas-chip-war

Chipmakers searching for ‘China plus one’ are finding Malaysia
https://www.straitstimes.com/business/chipmakers-searching-for-china-plus-1-are-finding-malaysia

Malaysia Rises as Crucial Link in Chip Supply Chain
https://www.nytimes.com/2024/03/13/business/malaysia-semiconductors.html

Malaysia: the surprise winner from US-China chip wars
https://www.ft.com/content/4e0017e8-fb48-4d48-8410-968e3de687bf

Semiconductor sector poised for recovery, riding on AI wave: Rakuten Trade
https://thesun.my/business/semiconductor-sector-poised-for-recovery-riding-on-ai-wave-rakuten-trade-HA12211611

https://www.thestar.com.my/business/business-news/2024/03/07/dnex-signs-mou-with-south-korea-based-korea-trade-network