Stock Market

ChipMOS Technologies vs. ON Semiconductors: Which Chip Stock is a Better Buy? By StockNews

© Reuters. ChipMOS Technologies vs. ON Semiconductors: Which Chip Stock is a Better Buy?

Several companies have been increasing their production of semiconductors to meet growing demand, aided by the increasing government and private investments worldwide. So, we think both ChipMOS (IMOS) and ON Semiconductor (ON) could benefit from the industry tailwinds. But which of these stocks is a better buy now? Read more to find out.Headquartered in Hsinchu, Taiwan, ChipMOS TECHNOLOGIES INC. (IMOS) is one of the world’s largest semiconductor services companies, providing a full range of back-end testing services for liquid crystal display (LCD) drivers, high-density memory, and mixed-signal semiconductors. ON Semiconductor Corporation (ON) in Phoenix, Ariz., manufactures and sells semiconductor components for various electronic devices worldwide. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

Amid the ongoing global semiconductor shortage, several companies have been ramping up production to meet the growing market demand. In addition, governments worldwide have been increasing investments in memory devices and integrated circuit (IC) components because the chips form the backbone of emerging autonomous driving technology and 5G-enabled devices, among others.

According to an IndustryARC report, the semiconductor market is expected to grow at a 5.9% CAGR between 2021 – 2026. So, as two of the established players in the semiconductor space, IMOS and ON should benefit from the favorable industry backdrop.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.




Source link

Related Articles

Back to top button