2 Oversold Semiconductor Stocks to Scoop Up Now -Breaking
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© Reuters. Two Oversold Semiconductor Stocks Available to Buy NowThe current shortage of semiconductor chips has been addressed by governments around the world. Simply put, semiconductor companies are fundamentally sound and can expand their production with large-scale investments. Amkor Technology Silicon Motion Technology (NASDAQ) and (NASDAQ: ) could both benefit. These stocks are a great way to capitalize on the sector’s future growth potential. Read on.A persistent semiconductor chip supply shortage has hampered output in various industries—from automobiles to electronics. But, the industry should be able to meet growing demand with massive investment by both governments and companies. Global semiconductor sales rose 27.6% to $48.3B in September 2020, according to World Semiconductor Trade Statistics. They were 2.2% higher than August 2021.
Gina Raimondo from Commerce has also asked the House of Representatives for legislation that supports U.S. manufacturing of semiconductor chips to be passed as quickly as possible in order to stop future supply disruptions, and catch up to the increasing demand.
We believe that fundamentally sound semiconductor stocks Amkor Technology Inc. and Silicon Motion Technology Corporation are solid investments now, keeping this in mind and long-term trends. These stocks may have experienced significant price drops in recent months, but we believe they will continue to rise significantly over the next few months.
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