An impressive rally in chip fab stocks after Bank of America/Merrill Lynch goes bullish on the...

|By:, SA News Editor

An impressive rally in chip fab stocks after Bank of America/Merrill Lynch goes bullish on the group, saying inventory risks seem to be diminishing and demand prospects look stronger for H2 and next year. ASX +7.7%. UMC +5.4%. SPIL +5.3%. SMI +4.1%. TSM +3.5%. TSM +3.4%.