Got $5,000? 2 Microchip Stocks You Need in Your Portfolio
Microchips (also called integrated circuits, semiconductor chips, or just plain old "chips") are like an invisible force powering our everyday lives. Chips are there when we work, drive, play, and communicate.
The global semiconductor market will exceed $600 billion in 2022, and one study estimates it will reach $1.4 trillion by the end of this decade. This is a far cry from the $33 billion market companies vied for in 1987, as shown below. While the industry is cyclical, the long-term trend is relentlessly higher.
Source: Statista.
Source Fool.com
