KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
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.
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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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