Heard on the Street: Macroeconomic worries are clouding semiconductor stocks even as the continuing global shortage keeps revenue and earnings high
A global chip shortage is affecting how quickly we can drive a car off the lot or buy a new laptop. WSJ visits a fabrication plant in Singapore to see the complex process of chip making and how one manufacturer is trying to overcome the shortage. Photo: Edwin Cheng for The Wall Street JournalSuch is the state of the chip industry that the better the numbers get, the worse investors seem to feel about it.
The Semiconductor Industry Association reported Monday that global sales for the sector hit $52.5 billion in February. That is a new monthly record that’s also up nearly a third from the same month last year—the best growth rate the industry has seen since 2010, when sales were half their current level.
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