KUALA LUMPUR: Kelington Group Bhd, an integrated engineering solutions provider, plans to expand into the German and Hong Kong markets to capitalise on the flourishing global semiconductor industry.

In a statement, chief executive officer Raymond Gan said chipmakers were increasing production capacity to meet the escalating demand for chips, driven by geopolitical diversification and the growing necessity for advanced technologies like artificial intelligence, the Internet of Things, electric vehicles, and Industry 4.0.He said the demand for semiconductor manufacturing facilities had remained strong.

“After a contraction in 2023 due to the cyclical nature of the industry, semiconductor manufacturing equipment growth is expected to resume in 2024, with sales expected to strongly rebound in 2025,” he said. — Bernama