Strong global chip demand boosts Excelpoint
Electronics component distributor is investing in AI, IoT space to drive future growth and move up value chain.
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Singapore
IN SPITE of the uncertainties brought on by Covid-19, electronics component distributor Excelpoint Technology has posted a strong rebound from earlier trade war woes.
Its net profit for FY20 was US$10.3 million - more than six times the US$1.6 million achieved in FY19. This comes as demand for semiconductors surged on the back of accelerated technology adoption, resulting in a global chip shortage.
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