The semiconductor upcycle will likely continue, with global powers fighting for chip dominance and independence, shortage of chips supply, as well as an increased demand for chips, says RHB Group Research Jarick Seet.

Seet is maintaining “neutral” on the sector, with “buy” calls on top picks Frencken Group (target price $2.02), Fu Yu Corp (37 cents) and Venture Group ($20.70).

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