Despite the short-term slowdown, the semiconductor industry’s long-term growth prospects remain bright. Therefore, investors looking for quality chip stocks could add Microchip Technology Incorporated (MCHP), Diodes Incorporated (DIOD), and Everspin Technologies, Inc. (MRAM) to their watchlists.
Earlier this year, the Biden-Harris Administration announced the first CHIPS for America funding opportunity to reinvigorate the domestic semiconductor industry. The Bipartisan CHIPS and Science Act includes $39 billion in semiconductor incentives.
