Which of These 2 Small-Cap Semiconductor Stocks Is a Better Buy?
The semiconductor market is worth more than $500 billion today. Although there's currently an oversupply of semiconductors used in PCs and smartphones (along with several other headwinds), the industry is projected to grow at an annual rate of over 12% through 2029. Amid the chaos, there are some unique opportunities among semiconductor stocks that should prove fruitful in the long-term if they can overcome the industry's current challenges.
With that said, let's look at two businesses that support the semiconductor industry in unique ways. Each of these companies provides technologies that are essential to semiconductor manufacturing. As such, they should remain a key part of the conversation around semiconductor stocks to buy for years to come.
Axcelis Technologies (NASDAQ: ACLS) facilitates chipmakers with ion implantation, a critical step in manufacturing semiconductors. Specifically, Axcelis designs, manufactures, and services custom-tailored "ion implanters," high-precision equipment used to make integrated circuits, otherwise known as semiconductors or microchips.
Source Fool.com
