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Micro-Mechanics ups dividend on higher earnings, bets on steady demand to ride through Covid-19

Uma Devi
Uma Devi2/21/2020 07:00 AM GMT+08  • 7 min read
Micro-Mechanics ups dividend on higher earnings, bets on steady demand to ride through Covid-19
SINGAPORE (Feb 21): The semiconductor industry has enjoyed a rebound on the back of the easing of US-China trade tensions, but is yet again threatened with a potential disruption as the ongoing Covid-19 virus outbreak intensifies.
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SINGAPORE (Feb 21): The semiconductor industry has enjoyed a rebound on the back of the easing of US-China trade tensions, but is yet again threatened with a potential disruption as the ongoing Covid-19 virus outbreak intensifies.

Micro-Mechanics Holdings, a designer and manufacturer of precision tools, assemblies and consumable products for the semiconductor industry, has endured the cyclical nature of the economy, and CEO Chris Borch is betting that the industry’s turnaround – when it happens following the virus scare – will be significant.

“I think everyone is hugely focused on the virus, there’s a great deal of concern. But in the semiconductor industry, I don’t think we’re going to see demand disruption. I think what we’ll see is a push-out of some of the equipment orders on a short-term basis. But when this subsides, the kick-up will be even stronger,” says Borch in an interview with The Edge Singapore.

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