Roller-coaster ride illustrates how quickly and broadly virus is changing fortunes. FMTNews Epidemic TradeWar Coronavirus Covid19
March 10, 2020 12:54 PM
Pentamaster called alternative sources in Japan, South Korea, Germany and Italy, only to find the action had left them in the lurch too. Home to factories owned by Intel Corp and Broadcom Inc alongside numerous other firms that supply tech majors including Apple Inc, the state accounts for about 8% of global back-end semiconductor output.This year, however, the goal is just a third of that, at about US$1.2 billion – though that is due to the life cycles of investments rather than the virus, the state government said.The roller-coaster ride illustrates how quickly and broadly the virus is changing fortunes around the world.
“Good news: Product transfers from China are leading to more quotation requests and order overflow,” said Goh Guek Eng, managing director at semiconductor products assembler Hotayi Electronic.Hotayi sources 60% of components such as printed circuit boards and multi-layer ceramic capacitors from China, for customers including Samsung Electronics Co Ltd, LG Electronics Inc and Sharp Corp.
Analysts said other firms likely affected by the supply disruption include electronics manufacturing services companies VS Industry Bhd and ATA IMS Bhd as they rely on China for up to 30% of components and material.Semiconductor company Inari Amertron Bhd, whose radio frequency components are used in smartphones including Apple’s iPhones, might have a weak second half after the US firm flagged slowing production and demand in China, Malaysia’s AmInvestment Bank said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19 slams brakes on Penang’s Silicon Valley after trade war boom | Malay MailPENANG, March 10 — Tech firms at Malaysia’s one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers. Semiconductor test...
Read more »
Stuck-at-home millionaires boost trading at Asia’s private banksVirus outbreak forces super-rich to stay indoors, leaving more time to trade stocks. FMTNews Virus
Read more »
Govt schools told to implement 'anti-virus' mode as new wave of Covid-19 hits MalaysiaPAGE says school administrations should bar students with flu-like symptoms. FMTNews Covid19
Read more »
Cruise ship heading to Singapore after being barred by Malaysia over virus fearsThe ship has dozens of passengers from Italy, which is now facing a spate of Covid-19 cases. FMTNews Cruise
Read more »
Oil war, Covid-19 batter Bursa as KLCI hits lowest since Nov 2011KUALA LUMPUR: As markets struggled to cope with the fallout from the Covid-19 coronavirus, the oil war unleashed by Saudi Arabia sent markets in Europe to Asia and Malaysia reeling.
Read more »
Ex-priest's 30-year Deutsche Bank protest involves dumping manureGermany's largest lender is desperate to reverse its flagging fortunes as it marks 150 years. FMTNews DeutscheBank
Read more »