The world is hungry for more energy with the establishment of more AI based industries. The only way out is to use energy efficient technologies such as SiC, GaN in AI related products. Market forecast global SiC semiconductor devices to grow at CAGR of 23.8%. It was USD 1.89 billion in 2022, projected to grow to USD 10.39 billion in 2030 (source: www.researchandmarkets.com). Hope it helps for those interested. Thanks and hv a good day.

Has been collecting MPI shares lately because MPI business is growing with good profit margins, and astonishing high net cash of RM 1040 million.

MPI share price crashing below 10 year low is way deviated from intrinsic value of MPI as tech giant with huge investment in AI servers (45% of revenue), followed by automotive (36% of revenue), 5G and IOT (13%) and PC (5%). I m confident that MPI share price is bottoming out and would resume up trend soon.

Happy investing and hv a good day.

MPI news from the star for those who are interested

https://www.thestar.com.my/business/business-news/2024/11/25/mpis-net-profit-jumps-824-to-rm30mil-in-1q25