KUALA LUMPUR, Oct 20 (Bernama) -- Bursa Malaysia’s benchmark index edged higher at the close as bargain hunting emerged following Monday’s sharp sell-off, although it narrowly failed to reclaim the 1,600 level, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.83 points, or 0.24 per cent, to 1,599.58 from Monday’s close of 1,595.75. The index opened 3.18 points lower at 1,592.57, marking its intraday low, and reached an intraday high of 1,602.83 in early trading. On the broader market, decliners outnumbered gainers 751 to 331, while 499 counters were unchanged, 1,259 untraded and 10 suspended. Turnover rose to 2.86 billion units worth RM2.42 billion against Monday’s 2.49 billion units worth RM2.38 billion.
According to the Semiconductor Industry Association (SIA) blog post, U.S. semiconductor companies, including several SIA members, were among the top corporate recipients of U.S. patents in 2015 based on an analysis of new data from the U.S. Patent and Trademark Office.
SIA industry statistics and economic policy director Falan Yinug said five of the top 15 US corporate patent recipients are major semiconductor producers.
The top five names on the list were iBM Corporation, Qualcomm Inc., Google,Inc., Intel Corporation and Microsoft Technology Licencing LLC.
He said that this is partly because U.S. semiconductor companies invest a higher share of sales into research and development than any other U.S. industry. On average, the U.S. semiconductor industry invests about one-fifth of total sales into R&D.
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