CGS-CIMB Research analyst William Tng still remains optimistic on companies in the semiconductor industry, giving “add” calls to all the companies under its coverage.

In a sector report, Tng noted that the Semiconductor Industry Association (SIA) announced that global semiconductor industry sales were US$45.4 billion ($60.92 billion) in July 2021, up 29% y-o-y, and 2.1% higher q-o-q. 

According to SIA, global semiconductor sales strength in July was driven by “robust demand across all major regional markets and semiconductor product categories.” 

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