It’s no secret that the pandemic caused the massive chip shortage. I mean, car sales significantly dropped off during the early COVID-19 stages, with manufacturers cutting orders for parts.
But you also probably know, the focus has shifted since then...
It has shifted away from cars and into consumer electronics like webcams, tablets and other Consumer Discretionary devices to help people cope.
(Just think about how many hours you’ve spent watching Netflix the past year… and I’ll just leave it at that.)
We’re seeing a major pickup in car sales while the chip industry won’t catch up until 2023. At least that’s what Pat Gelsinger, the CEO of Intel, who forecasts strong growth in demand over the next decade is telling us.
It’s my job to help our readers stay ahead of things like this, so I put together a short list of the best semiconductor stocks for the rest of 2021.
And when I say “short,” the list is very short. (But I don’t mean short selling, or betting that these stocks will drop in price.)
One of the best semiconductor stocks for the rest of 2021 is Kulicke and Soffa Industries Inc. (Nasdaq: KLIC).
It’s a leading provider of semiconductor packaging and electronic assembly solutions that supports the global automotive, consumer, communications, computing and industrial segments.
In other words, this company has it all covered!
But I’ll say it again louder for the people in the back… KLIC doesn’t make chips. It makes packaging, so if the industry as a whole increases, it grows.
And when it comes to selling gold or shovels, the shovel play tends to come out on top.
What I mean by that is even though KLIC doesn’t make chips, it provides packaging. That means the more demand increases, the more chip companies have to ship, which means more packaging and more money for KLIC. And with the current chip shortage, this sector has a lot of potential growth.
But that’s just a little about the first name on my list...
Check out my short video to learn even more about KLIC and the next best semiconductor stock for the rest of 2021. I handpicked both of these stocks, so that means you’ll want to grab your finest note-taking pen and pay attention.
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