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The global semiconductor shortage is a significant hindrance to the IoT industry’s growth. However, a $250 billion bipartisan manufacturing and technology bill aimed at boosting chip production should address such barriers.
Hence, popular IoT-centered stocks Cisco Systems, Inc. (CSCO), Emerson Electric Co. (EMR), NXP Semiconductors N.V. (NXPI), and PTC Inc. (PTC) are expected to gain substantially in the coming months.
