Semiconductors: A Smart Bet for the Long Haul.

INVESTING THE SEMICONDUCTOR INDUSTRY GRABBED headlines in 2021 mostly due to a supply shortage that crippled industries, such as autos, for which chips are a key component. Vying with Nvidia to be the most valuable semiconductor company (by market value) in the world, Taiwan Semi is investing $100 billion from 2021 to 2023 in new chip-fabrication facilities to meet supply shortages and rapidly expanding demand. Angelo Zino, an analyst for investment research firm CFRA, foresees a "super cycle" for the industry over the next decade as the content per device and sophistication of semiconductors grow. [Extracted from the article]