NSTbusiness: “Even if you source from another country, the other country also depends on China.”
Semiconductor test equipment manufacturer Pentamaster Corp Bhd saw its shares more than double last year as sales surged by about a fifth - the steepest in its 29-year existence - as the firm became a refuge from Sino-US import tariffs.
Pentamaster’s predicament is echoed across Penang, one of the world’s biggest electronics and electrical hubs, which had been losing business to China for the past decade until the trade war sparked a revival. Analysts and local firms said the virus’ sales impact would be acute in the April-June period when stockpiles run out. While many firms have warned of delays, some have seen orders surge as customers continue to seek suppliers outside of China.
Pentamaster buys most of its components such as motors and sensors from Japan, Europe and China - the latter making up 20 per cent to 30 per cent. In the past few weeks, it has changed the design of some equipment to accommodate parts from outside China, Chuah said. Inari told Reuters the virus had indeed had an impact on its supply chain but “probably less than the market feared” as the situation in China was improving.
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