While semiconductor sales reached an all-time high in 2022, a downturn in the second half of the year significantly limited growth. Despite the short-term decline, the industry’s long-term growth prospects remain bright. Therefore, investors looking to buy quality chip stocks could consider United Microelectronics Corporation (UMC) and Photronics, Inc. (PLAB) now.
The Biden-Harris Administration has announced the first CHIPS for America funding opportunity to reinvigorate the domestic semiconductor industry. The Bipartisan CHIPS and Science Act includes $39 billion in semiconductor incentives.
