2 Semiconductor-Service Growth Stocks to Own Now
If you've tried to buy a car this year, you're probably aware of the inventory shortage for the auto industry and the soaring prices that shortage has created. The pandemic caused a wave of supply-chain disruptions across the world, but few have been as impactful as those experienced by semiconductor producers. As cars and computers have become increasingly intelligent, the need for more advanced chips has placed mounting pressure on manufacturers.
Behind the scenes, companies that exist solely to serve these producers are doing record business. Cohu (NASDAQ: COHU) and Axcelis Technologies (NASDAQ: ACLS) are two semiconductor-service specialists providing manufacturing equipment, testing technology, and even training to help producers meet demand. The growing need for advanced computing isn't going away, so both of these profitable companies could make great additions to your portfolio. Let's find out a bit more about these two companies.
Image source: Getty Images.
Source Fool.com
