The extensive usage of chips across various industries and the growing adoption of emerging technologies across enterprises are expected to drive the demand for semiconductors. In addition, lucrative government incentives and investments would boost the industry’s prospects.
Amid this, popular chipmaker Micron Technology Inc. (MU) is forecasting broader losses. However, considering the industry’s tailwinds, it could be wise to invest in fundamentally strong chip stocks like Cohu, Inc. (COHU), Taiwan Semiconductor Manufacturing Company Limited (TSM), and Nikon Corporation (NINOY).
