Semiconductor investors over the past year have been laughing their way to the bank — if they invested in the U.S. semiconductor stocks. Those who invested in Singapore’s semiconductor counters, however, would be scratching their head at the divergence. The charts and total shareholder returns don’t lie. By just looking at ARM Holdings PLC – ADR (NASDAQ: ARM) and Taiwan Semiconductor Manufacturing Co Ltd (NASDAQ: TSM), we can see the huge divergence compared to the likes of AEM Holdings Ltd (SGX: AWX), UMS Integration Ltd (SGX: 558) and Frencken Group Ltd (SGX: E28). Those who invested in US semiconductor stocks are now closing in on 2-baggers, while those who bet on Singapore’s semiconductor stocks are either up marginally or still in the red. But just last week, we witnessed a sudden revival in the SG semiconductor scene – some stocks even rallied by more than +25%. So, is the SG semiconductor recover really here?...