UMS Holdings Ltd (SGX: 558)
UMS Holdings provides equipment manufacturing and engineering services to original equipment manufacturers of semiconductors and related products. The group reported a downbeat set of earnings for 2023 with revenue falling 19% year on year to S$299.9 million....The semiconductor industry has been in the doldrums since late-2022.
There was a sharp surge in demand for microchips that occurred during the pandemic years of 2020 to 2022.
As demand normalised, global semiconductor sales decreased by 8.2% year on year to US$526.8 billion in 2023 after hitting a peak of US$574.1 billion in 2022, according to the Semiconductor Industry Association (SIA).
However, SIA reported that global semiconductor industry sales for February 2024 came in at US$46.2 billion, up 16% year on year which was the largest since May 2022.
This could be a sign that the slump is ending soon with a recovery poised to take place.
Here are four semiconductor stocks that you can consider to ride the upswing.
