The technology sector is no exception to this broader theme, as evidenced by the actions taken by leaders in the semiconductor and chipmaking industries. With some of the biggest names in the space laying out multi-billion-dollar investments to onshore their production plants in the United States, they will not only mitigate (or even eliminate) these tariff costs but also position themselves favorably with the government for future benefits.
Understanding the new wave of upside and potential investments that will improve the industry's odds, investors should consider adding Micron Technology Inc. (NASDAQ: MU) to their portfolios moving forward. Not only because of how left behind it is compared to peers in the industry but also because of a recent decision to join in the initiative to onshore production capacity in the United States.
