Macro, Geopolitics Limit 2024 Semiconductor Growth: 2 Stocks
ADIAnalog Devices(ADI) ZACKS·2024-09-04 01:31

This analog/mixed signal semiconductor market as a whole should continue to strengthen through year-end, as inventories in the computing and smartphone markets (two of the biggest chip consumers) were worked down in second-half 2023 and industrial inventories were worked down in the first half of 2024.The World Semiconductor Trade Statistics (WSTS), which supplies data to the Semiconductor Industry Association (SIA), is projecting double-digit growth in semiconductors this year on the back of a 76.8% jump i ...