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Motley Fool
1 Monster Opportunity in the Global Chip Shortage
Semiconductor demand has been booming over the past couple of years, and the situation is unlikely to change in 2022 with Gartner estimating that the industry could generate $676 billion in revenue this year, an increase of 13.6% over 2021. What’s more, the semiconductor industry seems built for long-term growth as it could generate annual revenue of $1 trillion by 2030, according to McKinsey. This bodes well for Micron Technology (NASDAQ: MU) — a company that thrives when supply is tight, and demand remains high.
