By Surin Murugiah
While the semiconductor sector’s cyclical downcycle prevails, it is notable that historical trends suggest that the industry is on track for a recovery towards 2024.
“For perspective, recent instances when the industry underwent a downcycle of similar magnitude were in 2001/2002 and 2008/2009, with the respective downcycle lasting for 16 months and 13 months.
“That said, we do not discount a protracted recovery path given rising concerns on China’s slowing economy and lingering headwinds from the uncertain interest rate outlook,” it said.
Source: theedgemalaysia.com
https://theedgemalaysia.com/node/681766
