While the semiconductor industry has been witnessing a slowdown amid softening demand and yet-to-be normal supply chain, it should thrive in the long run with growing usages in advanced technology products and consumer electronics.
While popular chip maker NVIDIA Corp. (NVDA) has been an investor favorite for a long time, given the near-term concerns related to its financials and strict regulations impacting its business, I think STMicroelectronics N.V. (STM), Sumco Corporation (SUOPY), and Tower Semiconductor Ltd. (TSEM) are better positioned to capitalize on the industry’s long-term prospects.
