According to the research house, KESM's utilisation rate in FY21 dipped below 30% due to the sporadic relaxation and tightening of the restrictions.
"We anticipate a very gradual recovery for KESM instead of an exuberant one seen in other companies," it said in a note.
In FY22, Kenanga expects the utilisation rate to improve as the group increases the vaccination rate of its workforce,Read More »
Moody's Analytics said the trend towards remote work that accelerated due to COVID-19 movement restrictions has given rise to heightened demand for semiconductor chips.
"Given the capital-intensive nature of their production process, supply has not been able to keep pace with the increase in demand," it said in a note today.
It noted that the world’s largest chipmaker, Taiwan Semiconductor Manufacturing Co, has been raising prices across the spectrum, some by as much as 20 per cent, while three Chinese chipmakers have been fined by the Chinese government for abnormally high price increases.Read More »