With the increasing application of semiconductor chips in the digital era—driven by the Internet of Things (IoT), Artificial Intelligence (AI), 5G network, and cloud computing—analysts expect the global semiconductor shortage to continue this year. However, according to the Semiconductor Industry Association (SIA), global semiconductor industry sales in 2021 reached a record $555.9 billion, up 26.2% year-over-year.
While current geopolitical tension could deepen supply chain disruptions, the industry is poised to witness tremendous growth in the coming months, fueled by surging demand from several industries that are incorporating advanced technologies to make their business processes smart. In addition, as the market continues to witness heightened volatility, high dividend-paying stocks in the semiconductor industry could be ideal bets to ensure a steady portfolio income stream.
