Time flies, and it’s now halfway through the year. We had just concluded the mid-year review of the Singapore banking sector as the lenders grapple with rising interest rates. It’s time to turn our attention to the semiconductor industry as it is responsible for powering the devices that we use daily – our cars, computers, smartphones and laptops. There is a bunch of companies listed in Singapore that cover the spectrum of semiconductor chips, components and testing services for their clients. These include AEM Holdings Ltd (SGX: AWX), UMS Holdings (SGX: 558), Micro-Mechanics (Holdings) Ltd (SGX: 5DD), blue-chip Venture Corporation Limited (SGX: V03), Global Testing Corporation (SGX: AYN), and Frencken Group Limited (SGX: E28). Let’s delve into the demand and supply angles to determine if the companies above can still grow. A dire warning Earlier this month, major chipmakers sounded a dire warning. Both Micron Technology (NASDAQ: MU) and Advanced Micro Devices (NASDAQ: AMD), or AMD...