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The Biden Administration has proposed a $52 billion investment to boost semiconductor production. Moreover, other governments and industry giants worldwide are investing heavily to keep pace with the growing demand. According to recent research from International Data Corp. (IDC), the global semiconductor market is expected to grow 17.3% year-over-year in 2021.
Given this backdrop, we think the quality semiconductor stocks STMicroelectronics N.V. (STM), Amkor Technology , Inc. (AMKR), and ChipMOS TECHNOLOGIES INC. (IMOS) could be solid bets on every market dip. These stocks currently look undervalued, given their growth potential.
