While the global semiconductor shortage and supply chain crisis exacerbated by the Russia-Ukraine war could keep affecting the manufacturing of electronics components in the near term, growing government and private investments to address the chip shortage should help the industry gradually meet the high demand due to accelerated pace of digitization and increasing adoption of advanced technologies such as cloud computing, Internet of things (IoT), and artificial intelligence (AI). According to a Market Reports World report, the global electronic components market is expected to grow at a CAGR of 4.7% between 2022 and 2028. Therefore, both TE Connectivity Ltd. (TEL) and Corning Incorporated (GLW) should benefit.
TEL manufactures and sells connectivity and sensor solutions. The company operates through three segments: Transportation Solutions; Industrial Solutions; and Communications Solutions.
