Semiconductor stocks were under pressure for most of 2022, but they’ve been rallying since their October 2022 low.
In particular, the signing of the CHIPS and Science Act of 2022 is expected to improve the competitiveness of the U.S. tech industry and boost the value of semiconductor-related stocks. President Joe Biden has earmarked tens of billions of federal dollars for driving up the domestic production of microchips.
To play this government strategy, investors might want to consider SkyWater Technology Inc (NASDAQ:SKYT), a provider of semiconductor development and manufacturing services.
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