Semiconductor chips are in high demand in today’s society because they are found in practically all of our smart devices. There are about 750 semiconductor firms in the world, producing chips for automobiles, smartphones, machinery, computers, gaming devices, and other applications. These chips are also found in cryptocurrency mining devices. Some of the world’s largest semiconductor companies are based in the United States. The largest market for semiconductors is Asia Pacific, with China leading the region. Taiwan is also a major producer of IT-related gadgets, accounting for more than 70% of global IT output. Due to the high demand and shortfall, semiconductor stocks increased by 20% in the first half of 2021. The industry expects to grow even more this year, thanks to the formation of the Semiconductors in America Coalition by semiconductor behemoths. It intends to lobby Congress for a $50 billion budget for manufacturing and research.
Here is Insider Monkey’s list of the 15 best semiconductor stocks to buy now. Skyworks Solutions, Inc. is a semiconductor firm based in California that makes wireless network products. On the list of the top semiconductor stocks to purchase right now, it ranks fifteenth. In the previous year, the company grew by 45.5 percent, and year to date, it has risen by 26.9 percent. Kulicke and Soffa Industries, Inc. is a Singaporean semiconductor, LED, and electrical device manufacturer. In the last year, the company has risen by 170.8 percent, and year to date, it has increased by 83.5 percent. ASML Holding N.V. reported a net profit of €1.3 billion, up from €391 million the year before. Because of the increased demand for EUVs, the company has caught the attention of investors. Microchip Technology Incorporated is the tenth best semiconductor company to purchase right now, according to the ranking. The company’s products are used in the automotive, telecommunication, industrial, and computing industries. Microchip Technology predicts revenue of $1.51-$1.57 billion in the first quarter. Analog Devices, Inc. is the ninth best semiconductor company to buy right now. It is a semiconductor firm based in the United States that produces analog and mixed-signal circuits for use in a variety of electronic products. Broadcom Inc. is a semiconductor and infrastructure software solutions developer and manufacturer. The company’s stock has increased by more than 50% in the last year and by 12% in the last six months. On the list of the top semiconductor stocks to purchase right now, it ranks tenth. NXP Semiconductors N.V. has increased by 80% in the last year and by 25% so far this year. Customers’ sensory experiences are enhanced by the company’s software and system solutions. Mobile phones, media players, televisions, and other electrical gadgets all use its goods. For more details, click 15 Best Semiconductor Stocks to Buy Now.
Unsplash
