KUALA LUMPUR (May 6): MIDF Research has downgraded the semiconductor sector to “Neutral” (from positive) and said there was no reprieve on global semiconductor sales throughout 1Q16.
In a note today, the research house said higher bookings in March 2016 boosted the book-to-bill ratio to 1.15x.
“Local export of semiconductor products contracted in March 2016
“1Q16 shipment of smartphones grew at the slowest pace. Downgrade to Neutral from positive,” it said.