Published on 18 Jan 2022 on Zacks via Yahoo Finance
Semiconductor manufacturers are thriving, thanks to soaring demand over the past year. The ongoing supply crunch of microchips has hurt several industries but has worked miracles for the semiconductor space.
After a solid 2021 that saw sales skyrocket, this year too is likely to be great for microchip manufacturers, as sales are projected to grow in double digits. Given this scenario, investing in semiconductor stocks like Microchip Technology MCHP, NVIDIA Corporation NVDA, Analog Devices ADI and NXP Semiconductors NXPI will be a wise decision.
Microchip Sales Projected to Grow
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