Chip shortages are only getting worse.
| | | The Top 5 Chip Stocks to Buy & Hold for 2022
Chip shortages are only getting worse.
Intel CEO Pat Gelsinger says the shortage won't end until 2023. "We're in the worst of it now, every quarter, next year we'll get incrementally better, but they're not going to have supply-demand balance until 2023," he said, as quoted by the Independent.
Stellantis CEO Carlos Tavares says the shortage will easily drag into 2022. STMicro CEO Jean-Marc Chery doesn't see an end to the shortage before the first half of 2023. iPhone supplier Foxconn says shortages could last until the second half of 2022.
However, there is a bright side.
The supply-demand issue is creating a massive investment opportunity, in fact, our report has five chip stocks that are worth buying & holding for 2022.
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