Electric cars and 5G: which chipmaker stocks will rise in 2022 | 🚀 Robin Rocket

Electric cars and 5G: which chipmaker stocks will rise in 2022

Which companies will benefit from the development of the semiconductor industry:

Microchip Technology

The American company Microchip Technology, which has been producing conductors since 1989, has never been an industry leader, but has attracted the attention of investors due to a shortage of conductors. A third of Microchip's revenue comes from the development of chips for automakers and data centers

TSMC

The company could benefit from both higher chip prices and increased orders from car processor manufacturers. The largest companies in this industry have not increased their capital investments in the past 15 years, so they are unlikely to be able to meet the growing demand without attracting the capacities of foundry producers. In addition, Japanese media recently reported that TSMC may tackle 5G chips for Apple in 2023. Consensus forecast for the growth of TSMC shares - $144.88 per share

NVIDIA

Speaking of the chip market, one cannot fail to mention NVIDIA, a well-known manufacturer of video cards for computer games, which are also used in cryptocurrency mining. The company's business is not limited to this: NVIDIA leads the market for microprocessors for high performance computing and in the segment of the production of chips for self-driving cars.

At the same time, NVIDIA shares are quite expensive: over the past month they have risen in price by 37%. The consensus forecast for the growth of NVIDIA shares is $ 330.96 per share.

Not an investment recommendation.