Zeff The Great commented on a stock · Jul 30, 2023 00:00

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