𝙎𝙚𝙢𝙞𝙘𝙤𝙣𝙙𝙪𝙘𝙩𝙤𝙧𝙨 𝙖𝙣𝙙 5𝙂: 𝙎𝙩𝙤𝙘𝙠𝙨 𝙏𝙤 𝙒𝙖𝙩𝙘𝙝 𝘼𝙨 𝘽𝙞𝙙𝙚𝙣 𝙋𝙪𝙨𝙝𝙚𝙨 𝙄𝙣𝙛𝙧𝙖𝙨𝙩𝙧𝙪𝙘𝙩𝙪𝙧𝙚 𝘽𝙞𝙡𝙡
Companies that make the equipment used to manufacture semiconductor—the essential computer chips found in everything from cars to smartphones—are “ideally positioned” to take advantage of the Biden administration’s push to reduce the United States’ reliance on computer parts manufactured overseas, Bank of America says.
The analysts identified semiconductor capital equipment vendors $AMAT (Applied Materials Inc) , $KLAC (KLA Corporation) , $LRCX (Lam Research Corp) , $TER (Teradyne Inc) and Nova Measuring Instruments as the likely winners in that category.
Biden’s plan is also expected to focus on expanding 5G and broadband infrastructure in the United States.
Those improvements, combined with strong sales of 5G smartphones during the pandemic, means that companies like $MRVL (Marvell Technology Group Ltd) (a supplier to Samsung, Nokia and Ericsson), and 5G radio companies $ADI (Analog Devices Inc) and $QRVO (Qorvo Inc.) Inc. could see a boost in the months ahead, according to Bank of America.
That’s not to mention Biden’s push to make American manufacturing competitive on the global stage again, which Bank of America expects to benefit industrial companies like Analog Devices, $TXN (Texas Instruments Inc) , and Microchip because of their large exposure to that market.
Biden’s is also expected to include incentives to encourage the adoption of electric cars, which means that $ON (ON Semiconductor Corp) and $NXPI (NXP Semiconductors) as well as $CREE (Cree Inc.) , which makes materials used in electric vehicle systems and charging stations, could be poised to profit, according to the analysts.
All the best,
Giuseppe... Show More