1 Monster Opportunity in the Global Chip Shortage

The semiconductor industry took a hit in 2023 thanks to a decline in sales of personal computers (PCs) and smartphones. The industry's revenue dropped 12% last year according to estimates. The sales drop also hurt the demand for semiconductor manufacturing equipment as foundries and chipmakers reduced orders for new equipment and focused on lowering elevated inventory levels. Spending on semiconductor fabrication equipment fell an estimated 15% in 2023, according to industry association SEMI. The drop expla ...