1 Monster Opportunity in the Global Chip Shortage
If you're following the technology sector or even just the news in general, you've probably heard about the global semiconductor shortage. Chips are being added to more devices, an increase in economic activity as companies bounce back from the worst of the pandemic, and other factors are combining to create significant supply constraints. Business and everyday life will only become increasingly reliant on chips going forward, and ASML Holding (NASDAQ: ASML) has leading positions in key semiconductor equipment categories that will help it capitalize on this trend.
Let's take a closer look at why this semiconductor equipment leader looks like a great play for benefiting from the current chip shortage and long-term growth of the chip industry.
In conjunction with the evolution of a wide range of technologies, the chip industry has seen huge growth over the last few decades. The chart below shows the progression of worldwide spending on semiconductors from 1987 to 2022.
Source Fool.com
