Shares of semiconductor stocks are trading higher as the sector rebounds after falling last week. Additionally, The US Commerce Department on Friday expanded CHIPs Act eligibility to include companies that make chemicals and tool suppliers.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks are trading higher as the sector rebounds from last week's decline. The US Commerce Department expanded CHIPs Act eligibility to include chemical and tool suppliers.
June 26, 2023 | 3:46 pm
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POSITIVE IMPACT
Analog Devices (ADI) may benefit from the rebound in semiconductor stocks and the expanded CHIPs Act eligibility.
As a semiconductor company, ADI is likely to benefit from the overall sector rebound and the expanded eligibility of the CHIPs Act, which now includes chemical and tool suppliers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Applied Materials (AMAT) may see a positive impact from the rebound in semiconductor stocks and the expanded CHIPs Act eligibility.
As a semiconductor equipment supplier, AMAT is likely to benefit from the overall sector rebound and the expanded eligibility of the CHIPs Act, which now includes chemical and tool suppliers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
GlobalFoundries (GFS) may experience a positive impact from the rebound in semiconductor stocks and the expanded CHIPs Act eligibility.
As a semiconductor foundry, GFS is likely to benefit from the overall sector rebound and the expanded eligibility of the CHIPs Act, which now includes chemical and tool suppliers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Lam Research (LRCX) may benefit from the rebound in semiconductor stocks and the expanded CHIPs Act eligibility.
As a semiconductor equipment supplier, LRCX is likely to benefit from the overall sector rebound and the expanded eligibility of the CHIPs Act, which now includes chemical and tool suppliers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
NXP Semiconductors (NXPI) may see a positive impact from the rebound in semiconductor stocks and the expanded CHIPs Act eligibility.
As a semiconductor company, NXPI is likely to benefit from the overall sector rebound and the expanded eligibility of the CHIPs Act, which now includes chemical and tool suppliers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Qualcomm (QCOM) may experience a positive impact from the rebound in semiconductor stocks and the expanded CHIPs Act eligibility.
As a semiconductor company, QCOM is likely to benefit from the overall sector rebound and the expanded eligibility of the CHIPs Act, which now includes chemical and tool suppliers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75