2 Under the Radar Semiconductor Stocks to Buy Before Another Breakout By StockNews
As the current semiconductor shortage is expected to be addressed, thanks to the large-scale investments across the globe to boost production, we believe fundamentally strong under-the-radar semiconductor stocks Axcelis Technologies (NASDAQ:) and Cohu Inc. (NASDAQ:) could be worth buying. Let’s discuss.The global semiconductor shortage has created production disruptions in several industries, primarily consumer electronics and electric vehicles (EVs). To identify potential semiconductor chip hoarding or to alleviate bottlenecks which have prevented U.S. auto production from increasing and causing shortages, the Biden Administration is looking at the Defense Production Act. The National Semiconductor Economic Roadmap is a program that was introduced in Arizona by leaders. It aims at improving the infrastructure of the United States and the supply chains to support the chip industry’s growth.
Although the chip industry will face a long-term shortage due to lean stock and delays in production, global governments are taking steps to improve security of supply chains.
These are just two examples of solid investments: Cohu Inc. and Axcelis Technologies Inc., both quality semiconductor stocks that have been under the radar.
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