The current environment for semiconductor stocks looks a bit shaky, given the lower demand for microchips, but there are bullish tailwinds on the horizon. This was triggered by significant spending worldwide as countries work to build up their domestic semiconductor manufacturing capacity.
I view the share-price weakness of semiconductor stocks as an opportunity to accumulate shares.
Taiwan-based ASE Technology Holding Co Ltd (NYSE:ASX) might not be well known to U.S. investors, but ASE Technology stock provides above-average long-term growth potential.
This post appeared first on Profit Confidential.