The COVID-19 pandemic reared its ugly head in the beginning of 2020. The year is almost coming to an end, yet the virus is still running rampant. There is also the constant threat of a new wave in Singapore. In some countries, infection rates are even rising. This uncertain environment is frightening for some investors, making them afraid to invest in the stock market as they worry about another market crash occurring. Although the pandemic has resulted in many companies incurring losses, there are some who have benefitted. Let’s take a closer look at an industry which has ridden the waves of digitalisation, excelling while others are failing. This is none other than Singapore’s semiconductor industry. Share prices of many companies within this sector have risen back to pre-COVID levels, with some even scaling all-time highs. The three largest Singapore semiconductor companies by market capitalisation are AEM Holdings Ltd (SGX: AWX), UMS Holdings Ltd (SGX: 558) and Micro-Mechanics Holdings Ltd (SGX: 5DD), or MM....