Semiconductor stocks remain under pressure, initially from supply chain disruptions and now from softening demand. While the semiconductor industry has been undergoing significant restructuring, its outlook is positive, given the recently passed CHIPS and Science Act.
Many U.S.-based semiconductor companies will benefit from the spending. On the smaller end, I like Cirrus Logic, Inc. (NASDAQ:CRUS), which has $4.1 billion of market capitalization.
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