
The extensive usage of chips across various industries and the growing adoption of emerging technologies across enterprises are expected to drive the demand for semiconductors. In addition, lucrative government incentives and investments should boost the industry’s prospects.
Considering the industry’s tailwinds, fundamentally strong and high performing chip stocks like Taiwan Semiconductor Manufacturing Company Limited (TSM), inTest Corporation (INTT) and Broadcom Inc. (AVGO) could be solid buys this week for strategic gains. But before we delve into the fundamentals of these stocks, lets explore the landscape of the industry.