Semiconductor stocks have been in focus ever since President Joe Biden signed the bipartisan CHIPS and Science Act into law on Aug. 9. The PHLX Semiconductor index is up around 5% since then. Of course, not all chip companies will benefit equally.
In terms of actual numbers, the CHIPS and Science Act allocates $52.7 billion for semiconductor research, development, manufacturing and workforce development. That’s a lot of dough. So, let’s take a look at the semiconductor stocks likely to get a longer-term boost from the legislation.
This post appeared on Dynamic Wealth Report.