While macroeconomic challenges remain, the semiconductor industry’s future appears promising. With an increasing need for innovative technology, the industry seems well-positioned for expansion. So, I think semiconductor stocks QUALCOMM Incorporated (QCOM), Broadcom Inc. (AVGO), and Microchip Technology Incorporated (MCHP) could be worth adding to your portfolio for solid returns.
The Semiconductor Industry Association (SIA) reported global semiconductor sales were $124.5 billion in the second quarter of 2023, a 4.7% rise over the first quarter. Also, global sales in June 2023 reached $41.5 billion, a 1.7% increase month-over-month.
