Semiconductor stocks are back in focus in the stock market today. This is in light of President Joe Biden’s recent call for a big cash infusion into the country’s semiconductor industry. During Biden’s State of the Union speech on Tuesday, he pushed Congress to send bipartisan legislation to his desk that would include more than $50 billion in subsidies to aid chip makers. This would help support the increase in U.S. chip manufacturing capacity. Certainly, this is partly due to the ongoing semiconductor chip shortage. However, the U.S. is also trying to reduce its dependence on foreign companies like Taiwan Semiconductor (NYSE: TSM).
With the continuous progress of the industry, it is no surprise that many investors pay attention to semiconductor companies. Thus, let’s take a look at some of the top semiconductor stocks worth considering in the stock market today.
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