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Continued advancements in computing, artificial intelligence (AI), Internet of Things (IoT), 5G, and driverless cars are expected to keep driving the demand in the semiconductor space. According to WBOC, the worldwide market for semiconductor equipment is expected to grow at a CAGR of 6.9% over the next five years.
Against this backdrop, we think it is wise to bet on established semiconductor players Intel Corporation (NASDAQ:INTC), ASE Technology Holding Co., Ltd. (NYSE:ASX), Amkor Technology, Inc. (AMKR), and ChipMOS Technologies Inc. (IMOS) that are still trading at reasonable valuations and hold immense growth potential.
