If we weren’t already living in the digital age before the coronavirus, we definitely are now. Due to lockdowns and fear of catching COVID-19, people were forced to stay at home, which led to a surge in digital trends such as shopping at home, working from home, and learning from home.
As a result, there was a surge in demand for laptops, smartphones, tablets, TVs, and cloud computing. Semiconductors are essential for making all of this “smart technology” operate.
As a result, semiconductor stocks soared in 2021. The iShares PHLX Semiconductor ETF (SOXX) gained more than 40% last year, compared to the S&P 500 which gained 27%.
Discover more about the semiconductor industry here
The post The Semiconductor Industry in 2022: The Complete Investors Guide originally appeared at StockNews.