Investors were bored with semiconductor stocks, anticipating an industry downturn due to slowing customer demand and inventory build-up at some of the world’s biggest chipmakers.
Last year, the field skyrocketed as people flocked to buy smartphones, cars and game consoles during the Covid-19 pandemic. Supply chain disruptions and shipping delays also contributing to the global chip shortage. Many analysts and semiconductor manufacturers predict that chip demand will outstrip supply for a long time and chip factories ramp up production.
