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Business
Kritika Sarmah

3 Chip Companies Leading in Market Dominance

QCOM IMOS MRAM Semiconductor Memory Kritika SarmahHer ChipMOS TECHNOLOGIES Inc Everspin Technologies Inc QUALCOMM Incorporated Semiconductor Wireless Chip

The chip industry is on track for growth this year, buoyed by rebounding memory chip sales and expanding demand in PC and smartphone markets. So, investors could consider buying top chip stocks QUALCOMM Incorporated (QCOM), ChipMOS TECHNOLOGIES INC. (IMOS), and Everspin Technologies, Inc. (MRAM), which are emerging as dominant players in the chip market.

Global semiconductor sales surged 15.2% year-over-year in January 2024, totaling $47.60 billion, marking the largest percentage increase since May 2022. SIA projects continued market growth for the rest of the year, with annual sales expected to rise by double digits compared to 2023.

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