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3 Semiconductor Stocks That Will Benefit From The CHIPS Act

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.