Why Chip Companies Are Important to the Future of Tech

Why Chip Companies Are Important to the Future of Tech

Over the past 12 months, the Philadelphia Semiconductor Index rallied about 90% as global demand for chips surged through the pandemic. Stay-at-home trends boosted sales of new PCs, data centers installed more chips to keep pace with the surging usage of cloud and AI services, and new technologies — including driverless cars, automated factories, and 5G networks and devices — gobbled up more chips.

That demand propelled the price of many leading chip stocks, including Qualcomm, Advanced Micro…

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