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The global semiconductor shortage has impacted several industries worldwide. The chip shortage has also caused chip prices to soar, benefiting the semiconductor industry. While huge investments are helping semiconductor manufacturers increase production, the supply shortage may not end soon. Furthermore, with growing demand for electric vehicles (EVs), and rising demand for advanced technologies in the hybrid working environment, the industry is expected to see increasing demand. According to a Fortune Business Insights report, the global semiconductor market is projected to grow at an 8.6% CAGR between 2021 – 2028. As a result, both ON and XLNX should benefit.
ON has gained 65.6% in price over the past six months, while XLNX has returned 63.1%. Also, ON’s 91.2% gains year-to-date are significantly higher than XLNX’s 47.8% returns. Moreover, ON is the clear winner with 104.1% gains versus XLNX’s 45.7% returns in terms of the past year’s performance.
