Strong global chip demand boosts Excelpoint
Electronics component distributor is investing in AI, IoT space to drive future growth and move up value chain.
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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