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According to the International Data Corporation (IDC), the industry should stabilize by the middle of 2022, with a potential for overcapacity in 2023 because larger-scale capacity expansions are expected to begin toward the end of 2022. Furthermore, IDC expects the semiconductor market to grow by 17.3% in 2021, versus 10.8% in 2020.
Because the industry is making a comeback, we think prominent industry players STMicroelectronics N.V. (STM) and United Microelectronics Corporation (UMC) should be quality additions to one’s portfolio now.
