Although the global semiconductor industry recorded its highest-ever sales last year, the industry faced a cyclical downtrend during the second half of the year. The industry struggled amid macroeconomic headwinds, supply chain disruptions, and a lack of demand in the end markets.
Despite the short-term challenges facing the industry, the long-term prospects look promising. To that end, it could be wise to buy fundamentally strong semiconductor stocks ASML Holding N.V. (ASML), Cohu, Inc. (COHU), and ChipMOS TECHNOLOGIES INC. (IMOS).
