The Taiwan-based analysts say there's 'booming demand for high-performance chips' and reveal their favorite stocks to buy.
Analysts at an Asian brokerage and investment group have picked four semiconductor stocks to play the "booming demand" for high-performance chips. "This old semiconductor migration locomotive still has steam in it yet, even amid the current industry downcycle, thanks to booming demand for high-performance chips,"
is CLSA's broker-dealer and research provider in Taiwan. Semiconductors are used in products like tablets and smartphones, and the Covid-19 pandemic led to high demand for such goods, resulting in a shortage of some types of chips. Since then, supply and demand have become more balanced . and NAND through successful migration to advanced manufacturing processes thanks to its ongoing R & D investments," the analysts said.
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