Demand for chips is soaring across wireless, wired, and power markets, driven by explosive growth in high-performance analog, connectivity, and advanced cellular technologies. In this thriving environment, fundamentally strong semiconductor stocks like Qorvo, Inc. (QRVO) and Cirrus Logic, Inc. (CRUS) could be wise portfolio additions in September.
The semiconductor industry thrives due to rising demand in key sectors like PCs, communications, automotive, and industrial automation. As these industries grow, they need more advanced chips, making the sector a strong investment opportunity. The Semiconductor Industry Association (SIA) reported global semiconductor sales of $149.90 billion in Q2 2024, an 18.3% increase year-over-year.
