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Additionally, SIA today endorsed the WSTS Spring 2024 global semiconductor sales forecast, which projects annual global sales will grow to $611.2 billion in 2024, which would be the industry’s highest-ever annual sales total. In 2025, global sales are projected to reach $687.4 billion. WSTS tabulates its semi-annual industry forecast by gathering input from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.
Steve not so fast... need time to mature, the earliest should be government sector to improve efficiency of the workers. we can see JB alrdy start to go passport free from Singapore enter JB just use facial recognition
In a response towards concerns about airport congestion, especially at KLIA, the Home Ministry has initially opened the auto gate facilities to foreigners from 10 low-risk countries such as Singapore, Brunei, New Zealand, and the G7 nations. Recently, the list was expanded to include 36 additional countries, enhancing border control efficiency and facilitating smoother entry for a broader range of visitors.。。。
Nvidia (NASDAQ:NVDA) is a “generational opportunity” that could grow to become 10-15% of the S&P 500 index, Evercore ISI analysts said in a Sunday note.
According to the investment banking firm, Nvidia is not just a semiconductor company but an “ecosystem play” set to lead the age of parallel processing. “driven by an every 15-20 year Tectonic Shift in Computing."
Market focus was squarely on the conclusion of a two-day Fed meeting on Wednesday, where the central bank is widely expected to keep interest rates steady.
But markets were somewhat optimistic about the Fed flagging potential rate cuts, especially after its peers, particularly the European Central Bank, began trimming rates earlier in June.
Still, general consensus is that the Fed will only begin cutting rates by September, as the U.S. labor market remains strong and inflation expectations b
U.S. consumer prices increased by less than expected on an annualized basis in May, suggesting a possible easing in price pressures that could influence how Federal Reserve policymakers see the future path of interest rates.
The Labor Department's consumer price index rose by 3.3% last month, decelerating slightly from 3.4% in April. Economists had predicted that the figure would match April's rate.
U.S. producer prices unexpectedly decreased on a month-on-month basis in May, dragged down in particular by a decline in the costs of gasoline, in the latest sign of cooling inflationary pressures in the world's largest economy.
The producer price index (PPI) for final demand dipped by 0.2% last month, reversing an increase of 0.5% in April, according to Labor Department data. Economists had called for an uptick of 0.1%.
High confidence in securing first aerospace IPS project. Management is in the midst of discussion with a European player involving 2 major parts, namely the IPS line for aerospace industry players and aero structure fabrication. The newly-added floor space of 11,000 sq ft, which is currently under renovation and various audits, is mainly to cater for this venture.
Meanwhile, it has set its sight on providing full-range assembly and test solution for insulated-gate bipolar transistor (IGBT) power devices. It has built a prototype for an existing client and the feedback is positive. They are currently tendering for 2 production lines, which will take 2 years to complete. The tender results will be known by 2Q 2024. If successful, it could contribute significantly to the group sales in the future.
The S&P 500 and Nasdaq scored record closing highs on Monday as technology shares rallied on enthusiasm over artificial intelligence ahead of this week's economic data and Federal Reserve officials' speeches that could shed light on monetary policy.
The Fed will be able to cut its benchmark interest rate once this year, Philadelphia Fed President Patrick Harker said on Monday, if his economic forecast plays out.
MITI said the growth in exports was mainly due to strong exports of electrical and electronic (E&E) products, palm oil and palm oil-based agriculture products, manufacturing of metal, optical and scientific equipment, and iron and steel products.
"Exports of E&E products sustained positive growth for the second consecutive month.
Malaysia’s trade remained resilient and buoyant in May 2024, recording a double-digit year-on-year (y-o-y) growth of 10.3 per cent to RM246.31 billion,
he Board of Directors of the Company (“Board”) wishes to announce that the Board had approved the merger of the Nomination Committee and Remuneration Committee into a single committee to be known as the “Nomination and Remuneration Committee” with effect from 24 June 2024.