The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less affected by the coronavirus pandemic.
With the reopening of the economy, rebound in smartphone sales in markets like China and people spending more time on mobile phones, the semiconductor industry is expected to benefit in the near term.
According to World Semiconductor Trade Statistics, annual global semiconductor sales are expected to grow 5.9% in 2020 and 6.3% in 2021.
Let’s dig deeper to understand what makes the semiconductor space fundamentally attractive.
What Makes Semiconductor Stocks Promising Bets?
The recent demand trend