demand is coming back, slowly
$Intel(INTC.US$ share price soared after the better-than-expected quarterly result and optimistic outlook for second half of 2023
Intel mentioned that the inventory level of computer related components is back to normal , which will prompt customers to resume orders.
The largest market for consumer electronics is China, I had a quick check and compile the monthly integrated circuit production , surprisingly, June 2023 has the highest number of semiconductors produced for the last twelve months.
Albeit the recovery is slower than expected, but for upcoming quarter results, we will see a positive surprise for semiconductor companies who operate in China
for example , the $MPI(3867.MY$ may return to profit
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