Surge in AMD, TSMC, and Broadcom Stocks Fueled by Semiconductor Demand Growth and U.S. Chips Act
Wednesday, 6 March 2024, 17:25
Semiconductor Demand is Growing
The Semiconductor Industry Association (SIA) reported a 15.2% year-over-year increase in global semiconductor sales for January 2024, signaling promising growth trends.
America First (or at least second)
The U.S. Chips Act is set to provide substantial government subsidies to semiconductor manufacturers, impacting the stock prices of AMD, Broadcom, and TSMC.
- The U.S. government subsidies awarded under the Chips Act are expected to benefit semiconductor companies, with Intel, Samsung, and TSMC likely to receive significant funds.
- With TSMC showcasing a more attractive valuation and growth prospects compared to Broadcom and AMD, investors are advised to consider the relative performance and potential risks associated with each stock.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.