Looking To Invest In The Chip Industry? Here Are 3 Stocks To Consider

Despite the short-term slump, the semiconductor industry’s long-term growth prospects remain bright. While semiconductor sales fell in the first quarter of 2023, sales increased by 0.3% in March 2023 compared to February 2023, the first month-over-month increase in a year, providing optimism for a rebound.

So, investors could take a look at quality chip stocks Analog Devices, Inc. (ADI – Get Rating), Camtek Ltd. (CAMT – Get Rating), and inTEST Corporation (INTT – Get Rating).

Governments worldwide are investing heftily to build self-sufficiency in the semiconductor and electronics supply chain. The Biden-Harris Administration announced the first CHIPS for America grant opportunity earlier this year in order to revitalize the American semiconductor industry.

In addition, the Biden administration proposed a new 25% investment tax credit for semiconductor production in the United States. The global semiconductor market is expected to grow at a 13.1% CAGR until 2032.

Investors’ interest in chip stocks is evident from the VanEck Vectors Semiconductor ETF’s (SMH) 20% returns over the past six months.

Let’s delve deeper into the fundamentals of the stocks mentioned above…

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