Due to growing demand for PCs, 5G cell phones, and infrastructure equipment, the semiconductor sector thrived in 2020. According to Gartner’s statistics, global semiconductor revenue will climb by 7.3 percent to $449.8 billion in 2020. The capital spending budget for Taiwan Semiconductor Manufacturing Company Limited has been increased to $30 billion for 2021. In March 2021, Intel Corporation announced a $20 billion investment in two new chip production sites in Arizona.
Insider Monkey looks at the 12 best semiconductor stocks to invest in right now. Marvell Technology, Inc. makes data infrastructure products for the automotive, data center, and corporate markets. Marvell Technology’s stock has risen 5% in the previous five days after the company announced a $1.1 billion deal to buy networking semiconductor developer Innovium. KLA Corporation is ranked 11th. The California-based firm supplies cutting-edge tools for making microchips for smartphones, computers, autonomous vehicles, artificial intelligence, and space exploration. Texas Instruments Incorporated is ranked 10th. Consumer electronics makers use the company’s chipsets. Texas Instruments pays a $4.08 per share yearly dividend. Analog Devices, Inc. is currently ranked 9th among the top 12 semiconductor stocks to buy. The company sells audio and video semiconductors, as well as amplifiers and wireless sensor networks. Broadcom Inc. is ranked eighth among the top semiconductor stocks to buy right now. Storage adapters, ethernet switches, fiber optic equipment, cybersecurity, and corporate software are all goods that the company sells. It now has a dividend yield of 2.96 percent and pays an annual dividend of $14.40 per share. For more details, click 12 Best Semiconductor Stocks To Invest In Right Now.
