Published on 30 Mar 2023 on Insider Monkey via Yahoo Finance

12 Technology Stocks To Buy That Are Too Cheap To Ignore

In this piece, we will take a look at 12 technology stocks that are too cheap to ignore. For more stocks, head on over to 5 Technology Stocks To Buy That Are Too Cheap To Ignore.

Technology is the bedrock of today's world. From airplanes to your daily shopping, every modern day convenience relies on technology. Ever since the semiconductor was invented in the late 1900s, these chips have not only reduced their sizes dramatically but have also made their way into every gadget out there. At the same time, they have also become the source of significant tension between the world's two largest military powers, the United States and China.

While the U.S. and China rely on each other for trade, they are also at odds over chip production. America is the global leader in crucial technologies such as semiconductor design and testing, which lends it considerable leverage over the global economy. At the same time, the Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is the world's biggest contract chip manufacturer, a firm that makes chips for other companies such as Intel Corporation (NASDAQ:INTC) and NVIDIA Corporation (NASDAQ:NVDA). As if this weren't enough to cement TSMC's importance in the global economy, the fact that most of its high end chipmaking facilities are located in Taiwan - a region that China claims is its territory - injects uncertainty into the global semiconductor supply chain since U.S. sanctions prohibit firms with ties to the Chinese military to procure advanced semiconductors with transistor sizes less than 7 nanometers.