The semiconductor industry’s long-term growth prospects remain optimistic because of the increasing use of chips in powering technological advancements. So, I think semiconductor stocks NXP Semiconductors N.V. (NXPI), Qorvo, Inc. (QRVO) and QUALCOMM Incorporated (QCOM) could be worth adding to your portfolio for solid returns.
The Semiconductor Industry Association (SIA) reported that global semiconductor sales grew 1.9% in September 2023 compared to August 2023. Worldwide semiconductor sales totalled $134.70 billion in the third quarter of 2023, a 6.3% rise over the second quarter of 2023.
