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to trend higher as ma­jor smart­phone mak­ers would nor­mally launch their flag­ship mod­els in the sec­ond half,” it added.

The Semi­con­duc­tor Equip­ment and Ma­ter­ials In­ter­na­tional ex­pects slower over­all growth in the semi­con­duc­tor mar­ket, but as­serts that sev­eral seg­ments will grow sig­nif­i­cantly higher driven by the In­ter­net of Things (IoT).

“The IoT ap­pli­ca­tions that could drive global growth in­clude sen­sors in the au­to­mo­tive in­dus­try, data stor­age to house higher qual­ity con­tents and LTE-A adop­tion to facil­itate seam­less com­mu­ni­ca­tions be­tween con­nected de­vices, which spurs or­ders for ana­log ICs. This is pos­i­tive for Inari and MPI as the com­pa­nies pro­vide test­ing ser­vices for ra­dio fre­quency chips.

“Al­though signs are point­ing to­wards stronger semi­con­duc­tor sales, we are main­tain­ing ‘neu­tral’ stance on the sec­tor as val­u­a­tions ap­pear un­com­pelling,” it said.

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