This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPEA601E0_M.jpg
The industry is expected to continue growing due to mainstream adoption of internet of things (IoT), 5G, artificial intelligence (AI) and electric vehicles (EVs). According to ResearchAndMarkets, the semiconductor market is expected to grow at a CAGR of more than 6% between 2021 – 2026.
While the current tech sell-off has caused the stocks of established semiconductor companies NXP Semiconductors N.V. (NXPI), KLA Corporation (KLAC), and Skyworks Solutions, Inc. (SWKS) to lose some value, they are expected to rebound quickly based on the industry’s solid growth prospects. So, now could be a perfect opportunity to scoop up these stocks.
