With semiconductor sales soaring globally and significant investments pouring into the sector, investors could invest in promising chip stocks STMicroelectronics N.V. (STM), Photronics, Inc. (PLAB), and Cirrus Logic, Inc. (CRUS) for better-than-market returns.
In January 2024, semiconductor sales in the Americas reached $12.64 billion, marking an increase from the $10.51 billion recorded in the same month the previous year. Besides, according to the Semiconductor Industry Association’s (SIA) recent report, global semiconductor industry sales reached $47.60 billion in January 2024, representing a 15.2% increase from January 2023.
