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Sristi Suman Jayaswal

HISTORICAL FACTS: 3 semiconductor stocks surging for year end triumphs in december | History Defined

Semiconductor UMC TSEM INTT inTest Corporation United Microelectronics Corporation Sristi Suman JayaswalThe Tower Semiconductor Ltd United States

Semiconductors are crucial to consumer electronics, healthcare, automotive, telecommunication, data centers, and defense sectors. Given its heightened demand and supportive government initiatives for the industry, fundamentally sound semiconductor stocks Tower Semiconductor Ltd. (TSEM), United Microelectronics Corporation (UMC), and inTEST Corporation (INTT) could be solid buys for lucrative returns in December.

The Semiconductor Industry Association (SIA) recently revealed that burgeoning global semiconductor sales witnessed a 1.9% surge month-over-month in September 2023, totaling $134.7 billion in the third quarter of 2023 and marking a sharp incline of 6.3% compared to the second quarter of 2023. The global semiconductor market is expected to grow at a CAGR of 9.2% to reach $1.03 trillion by 2030.

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