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Singapore semiconductor stocks poised to ride AI boom as key links in supply chain: analysts

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Yong Jun Yuan

Yong Jun Yuan

Published Mon, Jul 17, 2023 · 05:00 AM
    • Semiconductor companies could ride the AI boom, even if they do not directly produce chips that are used in AI applications.
    • Semiconductor companies could ride the AI boom, even if they do not directly produce chips that are used in AI applications. PHOTO: REUTERS

    SINGAPORE-LISTED semiconductor companies are drawing attention from analysts as under-the-radar beneficiaries of the artificial intelligence (AI) boom.

    While these Singapore players may not produce the chips that power artificial intelligence (AI) applications, their roles in chip supply chains could make them less obvious beneficiaries of the AI trend.

    In the outlook for the second half of the year, DBS Group Research equity analysts said AI could breathe new life into the recovery in tech counters.

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