- ALSO READ
Mark Mobius warns Fed interest rates will hit 9% if inflation persists
TMS Ep366: Oil and gas, Ananya and Aryaman Birla, Mark Mobius, public float
China's chip output shrinks as India, US ramp up local manufacturing
HCL Tech to double semiconductor biz in 4 yrs, needs 2 yrs to build fab
Apple main supplier TSMC will start mass production of 3nm chips soon
-
Veteran emerging-markets investor Mark Mobius said he is betting big on semiconductor shares as the US and China increase investments in the sector.
Chipmakers are “the number one category we have in our portfolio,” Mobius said in a Thursday interview on Bloomberg Television. The companies associated with the industry are going to do well as “both the US and China are putting enormous amounts of money in semiconductor research and production,” he added.
Chip stocks have had a great start to 2023 after rising interest rates led to a carnage in 2022. Investor focus has started shifting to the sector’s long-term growth prospects and cheaper valuations. The Philadelphia Semiconductor Index has risen 20% this year compared to a 4% gain in the S&P 500 Index, on course for its best quarterly outperformance versus the US gauge since Sept. 2016.
Asia is in a prime position to benefit from the sector’s improving outlook as it houses global bellwethers such as Taiwan Semiconductor Manufacturing Co. and South Korea’s Samsung Electronics Co., with Mobius adding the outlook remained “good” for China and Indonesia.
Chip stocks have had a great start to 2023 after rising interest rates led to a carnage in 2022. Investor focus has started shifting to the sector’s long-term growth prospects and cheaper valuations. The Philadelphia Semiconductor Index has risen 20% this year compared to a 4% gain in the S&P 500 Index, on course for its best quarterly outperformance versus the US gauge since Sept. 2016.
Asia is in a prime position to benefit from the sector’s improving outlook as it houses global bellwethers such as Taiwan Semiconductor Manufacturing Co. and South Korea’s Samsung Electronics Co., with Mobius adding the outlook remained “good” for China and Indonesia.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Thu, March 09 2023. 12:02 IST
RECOMMENDED FOR YOU