MarketWatch: As Tech Melts Down, A Truth Remains: Semiconductors Are Eating The World.
McKinsey estimates the semiconductor industry's growth to become a trillion-dollar industry by 2030 on what the firm said would be a 6-8% annual growth. The consulting company also showed correlation between semiconductor industry growth and GDP growth.
Intel has a "Manhattan Project" like focus to expand manufacturing in the U.S. and Europe to be a preeminent supplier for that future growth. By 2025 Intel expects to have the most advanced chip manufacturing technology with matching capacity to execute that plan.$Intel(INTC)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments