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GEORGE TOWN: The local semiconductor and electronics manufacturing companies generally are still projecting to close 2022 financial year with improved performance, despite the decelerating global semiconductor industry.

For Vitrox Corp Bhd, its group chief executive officer Chu Jenn Weng told StarBiz that the group’s semiconductor segment is slowing down, but the electronic assembly division, particularly the automated board inspection business, is still growing strong in the second half of this year.

Barring any unforeseen circumstances, he noted the group is expected to achieve a higher net profit this year due to its earnings in US dollar.

Chun pointed out Vitrox had also acquired more than 30 new customers globally.

Vitrox is involved in the design and manufacturing of innovative, leading-edge and cost-effective automated vision inspection equipment and system-on-chip embedded electronics devices for the semiconductor and electronics packaging industries.

Meanwhile, printed-circuit board manufacturer GUH Holdings Bhd is still receiving solid orders, said its managing director Datuk Seri H’ng Bak Tee.

The group’s order book had confirmed purchasing orders of over two months, he added.

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“Our outlook with some degree of accuracy shows that the factory will operate at total capacity until mid-November, when the seasonal lull for most factories occurs for the Christmas period.

“Our audio, television, and consumer appliances customers are forecasting a steady demand from now until late October due to the lead time to stock up for Christmas shopping, Boxing Day and gifts market of Europe and North America.

“Judging from the past months of 2022 and the order book surplus and customers’ indications, we are confident of achieving our target,” explained H’ng.

According to Pentamaster Corp Bhd executive chairman CB Chuah, the group’s electro-optical segment which manufactures test equipment to check smart semiconductor sensors for smartphones and Internet of things (IoT) devices was slowing down.

“This year, the electro-optical segment will contribute less than 30% to the group’s revenue compared with 40% a year ago.

“Our medical and electric vehicle segments are doing well.

“So far, there’s no correction on our orders,” Chuah noted.

He added inflation and weakening purchasing power had resulted in the slowdown of the global semiconductor thus affecting the consumer electronics sector.