The global semiconductor shortage has impacted several industries worldwide. In addition, rising COVID-19 cases in China and Russia’s invasion of Ukraine could further strain the supply chain. However, the chip shortage has led to soaring chip prices, benefiting the semiconductor industry significantly. While huge investments are helping semiconductor manufacturers increase production, the supply shortage may not end anytime soon. Moreover, with 5G expansion, AI development, and rapid digital transformation, the industry is expected to see soaring demand. According to a Fortune Business Insights report, the global semiconductor market is projected to grow at a CAGR of 8.6% by 2028. As a result, both ON Semiconductor (ON) and Marvell Technology (MRVL) should benefit.
ON manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group; Advanced Solutions Group; and Intelligent Sensing Group. MRVL designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, single or multiple core processors, ASIC, and printer System-on-a-Chip products and application processors.
