
The semiconductor industry’s long-term growth is expected to be driven by increased usage in electronic devices and emerging technologies such as AI and IoT. Given the industry’s growth prospects, fundamentally strong semiconductor stocks Tower Semiconductor Ltd. (TSEM), Everspin Technologies, Inc. (MRAM) and ChipMOS TECHNOLOGIES INC. (IMOS) could be ideal buys for solid returns.
Before delving deeper into their fundamentals, let’s discuss what’s happening in the semiconductor industry.