3 Semiconductor Stocks Packed With Momentum

[Investing Insights Daily]( October 10th, 2023 SPONSORED AD [Man Gets Into a Self-Driving Tesla... What Happens Next will Shock Everyone (Video)]( "Hi, I'm Teeka Tiwari... I'm about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk's new AI project... What happens next will shock you..." [Click here to see what happened.]( [3 Semiconductor Stocks Packed With Momentum]( The semiconductor industry is well-positioned for long-term growth, driven by its increasing applications across diverse fields. Additionally, the growing adoption of emerging technologies is expected to boost the demand for advanced chips. Given this backdrop, it could be wise to ride the momentum in fundamentally strong semiconductor stocks Cohu, Inc. ([COHU]( – [Get Rating]( Amkor Technology, Inc. ([AMKR]( – [Get Rating]( and inTEST Corporation ([INTT]( – [Get Rating](. Before diving deeper into the fundamentals of these stocks, let’s discuss why the semiconductor industry is well-positioned for growth. The semiconductor industry is thriving, with chips playing a crucial role in various sectors. Chips can be found in nearly every electronic device and various automotive and industrial machinery. Global semiconductor industry sales totaled $44 billion in August, indicating a [sequential increase of 1.9%](. Apart from the massive demand for semiconductors, the industry is benefiting from favorable government initiatives like the [CHIPS and Science Act](.  Under the CHIPS and Science Act, around $53 billion was allocated to boost semiconductor manufacturing, research, and workforce development in the United States. Additionally, it provides a 25 percent tax credit for capital investments in semiconductor manufacturing. The U.S. government is aiming to boost domestic manufacturing of semiconductors. Over the past year, businesses have announced investments exceeding $166 billion in semiconductor and electronics manufacturing following the implementation of the CHIPS law. The semiconductor industry is progressing with advanced technology like nanotechnology and new materials to make more efficient chips. The booming smartphone market is increasing the need for high-performance chips, improving user experiences. Furthermore, the adoption of emerging technologies like 5G, artificial intelligence (AI), machine learning (ML), etc., is boosting the… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019