Manufacturing

Long-term outlook remains bright for the sector, in part due to the AI boom.

Only 9% of companies have no plans of expanding in the region.

Output rises at its fastest pace in three months

Despite yearly decline, Q2 orders improved dramatically compared to Q1.

Firms were positive demand will pick up in the coming year.

Business confidence among manufacturers hit a three-year low.

Firms are also likely to be less optimistic next month.

Industrial production contracted 4.9% YoY in June.

The firm will continue to benefit from robust demand for chips in the years to come.

SMIC will likely have to delay expansion plans in its Beijing and Shanghai fabs.

Robotics may catch up in H2, UOB said.

Since committing to 100% renewable energy usage by 2050 in 2020, the chipmaker has increased green power use by just 2.8%.

Last quarter’s improvement snapped the five consecutive quarters of declining optimism among the large firms.

Six out of ten will opt for a lower pay to transfer to a factory with higher tech-adoption.

The ASIC chip CAGR market sales to post 44% over FY23-FY27 globally.

Sluggish global economy dampens new orders for the country widely known as the world’s factory.