- We expect UMS to report S$16m in 4Q23 earnings (+0% y-o-y/+7%qoq), its first q-o-q earnings recovery since the semiconductor industry went into a downcycle in 1Q23.
- In AMAT’s 1QFY24 results, its semiconductor segment recorded its second consecutive q-o-q revenue growth since it started declining three quarters ago. AMAT also sees improving market dynamics in the semiconductor industry. These trends bode well for UMS.
- - Read this at SGinvestors.io -
Key customer reported positive trends in the latest 1QFY24 results.
- UMS (SGX:558)’s key customer, Applied Materials (AMAT), reported its 1QFY24 results in Feb 24, with its semiconductor segment recording its second consecutive q-o-q revenue growth since it started declining three quarters ago.
- - Read this at SGinvestors.io -
AMAT is seeing improvement across the semiconductor industry.
- Read more at SGinvestors.io.