The growing penetration of advanced digital technologies and extensive usage of chips in a wide range of end-use applications such as consumer electronics, industrial equipment, automotive, networking and communications, and data processing is the primary factor that boosts the semiconductor industry's growth.
Amid this backdrop, investors could consider buying fundamentally sound chip stocks KLA Corporation (KLAC), Taiwan Semiconductor Manufacturing Company Limited (TSM), and Everspin Technologies, Inc. (MRAM) to spark their portfolios.
