Singapore state investor Temasek, which manages assets of more than US$120 billion ($167.2 billion), may be looking to snap up stakes in technology companies, joining other big institutional investors in turning bullish on the sector’s improving outlook.
The possible shift comes as expectations of strong Asian demand and a rebound in corporate spending have boosted shares in global tech firms, including driving up Intel Corp (INTC.O) by 4% to their highest in more than a year.
