In October, global semiconductor sales topped $48 billion, a 24% increase over the same month last year. In 2022, global semiconductor sales are expected to reach $600 billion, an 8.8% increase over the previous year. Today, electric vehicles, aircraft, and even mobile devices are powered by semiconductors. There has been an increase in the demand for technology as a result of the pandemic and supply chain issues.
Insider Monkey compiled the list of 10 best semiconductor stocks to buy for 2022. Systems for advanced semiconductors are manufactured and sold by ASML Holding N.V. According to the company, it expects annual revenue to grow between €24 billion and €30 billion by 2025, based on industry megatrends. This year, KLA Corporation grew at a rate of 42 percent year on year, making it the fastest-growing chip equipment manufacturer. Defect inspection and review systems, metrology solutions, process monitoring computational lithography software, and data analytics are just some of the services and products offered by this business. For the fourth quarter, Broadcom Inc. reported earnings per share of $7.81, beating expectations by a nickel. AppNeta, a provider of computer software, will be purchased by the company. In the semiconductor industry, NXP Semiconductors N.V. manufactures and sells a variety of products. More than $60 billion is invested in the company. It has recently announced a partnership with Ford to improve driver experiences and services. One of Micron Technology’s primary products are memory and storage devices. As the market leader, Micron has the potential to see a dramatic increase in sales. A UBS analyst has recently raised his price target on Micron Technology to $99 from $90. For more details, click 10 Best Semiconductor Stocks To Buy For 2022.
