The semiconductor industry is facing a challenging time in 2022, as a slump in demand for smartphones and personal computers led to a sharp decline in the sales of some major chipmakers. Several automakers have pointed out of late that the chip crunch in the industry is here to stay. Volkswagen, for instance, estimates that the auto industry could continue witnessing a chip crunch into 2023 and beyond.
These Apple suppliers are at risk if the tech giant pulls back on iPhone production, warns Bank of America.
Here we present five high-quality dividend-paying semiconductor stocks, TXN, VSH, NXPI, SWKS and ADI, whixh may fetch promising returns amid the ongoing chip shortage due to log-jammed supply chains.