The semiconductor sector is undergoing a significant transformation. Many countries are building up domestic microchip production capacity and investing heavily in research.
In the U.S., this focus resulted in the recently passed CHIPS and Science Act, which aims to boost American technological competitiveness while targeting China. The act includes more than $52.0 billion in federal funding for U.S. companies.
One way of playing the expansion of the semiconductor industry is via shares of companies that develop key technologies used by chipmakers.
For instance, Wolfspeed Inc (NYSE:WOLF)…
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