According to the news, Malaysia stands to benefit from the growth in the spending for semiconductor equipment in 2017, which is expected to grow by 5% to 9% from US$3.6 billion in 2016.
This is because most of the top semiconductor test equipment players are located in Penang.
More news, Growth in spending for test equipment to benefit Malaysia
Two months after the article published, I decided to check out the price action on a particular company based in United States, that is, Teradyne Inc.
A brief background on Teradyne Inc.
"Teradyne is a leading supplier of automation equipment for test and industrial applications. Teradyne Automated Test Equipment (ATE) is used to test semiconductors, wireless products, data storage and complex electronic systems, which serve consumer, communications, industrial and government customers. Our Industrial Automation products include Collaborative Robots used by global manufacturing and light industrial customers to improve quality and increase manufacturing efficiency. In 2016, Teradyne had revenue of $1.75 billion and currently employs approximately 4,300 people worldwide."
Daily chart of Teradyne.
Is it a tell-tale sign for those Penang-based test equipment and sensor manufacturing companies ?
Source :
1) Metastock
2) www.thestar.com.my
3) www.teradyne.com
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