This post was originally published on this site
While the semiconductor manufacturers are increasing production to meet the high demand with government support, the supply shortage may not end anytime soon. The increasing need for advanced devices, featuring a wide range of innovative technologies, such as artificial intelligence (AI), 5G connectivity, and the internet of things (IoT), should keep the demand for semiconductors. According to the Fortune Business Insights report, the global semiconductor market is projected to grow at a CAGR of 8.6% between 2021 and 2028.
Given this backdrop, Wall Street analysts expect under-$5 semiconductor stocks Resonant Inc . (RESN) and Summit Wireless Technologies, Inc. (WISA) to more than double in the next 12 months.
