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In addition, Commerce Secretary Gina Raimondo has urged the House of Representatives to adopt legislation supporting U.S. semiconductor chip manufacturing as soon as possible to avoid future supply disruptions and to catch up with the growing demands.
Keeping this backdrop and the long-term trends in mind, we believe fundamentally sound semiconductor stocks Amkor Technology Inc. (AMKR) and Silicon Motion Technology Corporation (SIMO) could be solid picks now. Though these stocks have witnessed significant price declines recently, we think they are well-positioned to gain substantially in the coming months.
