KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Key Takeaway:
Qualcomm CEO Cristiano Amon made it clear: Intel’s chip-making tech isn’t ready for prime time. Until Intel upgrades its production, Qualcomm will keep relying on Taiwan Semiconductor (TSM) and Samsung — reinforcing TSMC’s dominant position in advanced semiconductors.
What Happened
Speaking to Bloomberg, Amon said:
“Intel is not an option today.”
Qualcomm would reconsider if Intel improves efficiency and manufacturing processes.
For now, Qualcomm continues sourcing from TSMC and Samsung, which remain industry leaders in cutting-edge chip production.
Why It Matters
Intel has been trying to re-enter the foundry race with its IDM 2.0 strategy, aiming to win back major customers. But losing out on Qualcomm — one of the biggest mobile chip designers — underscores its uphill battle against TSMC and Samsung.
TSMC (TSM.US): Maintains a lock on advanced nodes (N5/N3, moving to N2). Almost every AI, smartphone, and HPC chip depends on its ecosystem.
Samsung: Remains Qualcomm’s secondary supplier, providing diversification but still trailing TSMC in yield and consistency.
Intel (INTC.US): Needs to prove its technology can match or exceed rivals to attract big-name customers.
Investor Takeaway
Qualcomm (QCOM.US): Neutral impact — continues with its trusted supply chain.
TSMC (TSM.US): Positive reinforcement of dominance; demand pipeline remains strong.
Intel (INTC.US): Negative sentiment — highlights credibility gap in winning foundry clients.
For investors, the message is clear: until Intel proves otherwise, TSMC remains the safest bet in the global chip supply chain.
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