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As a result, the semiconductor industry is expected to thrive this year. In fact, according to the World Semiconductor Trade Statistics (WSTS), the worldwide semiconductor market is expected to grow 19.7% year-over-year in 2021.
Given the industry’s solid growth prospects, KLA Corporation (KLAC), Amkor Technology , Inc. (AMKR), Silicon Motion Technology Corporation (SIMO), and DSP Group, Inc. (DSPG) are expected to grow significantly in the coming months. So, these stocks could be solid bets now.