Despite supply chain challenges, an analyst at KeyBanc Capital Markets said he is constructive on the semiconductor cycle. Here’s why.
Strong Demand Persists
Fourth-quarter IC unit shipments increased 15 percent year-over-year, slower than the third quarter’s 15 percent growth but much faster than the five-year, fourth-quarter average of 9 percent, analyst John Vinh said in a note.The analyst highlighted auto, industrials and cloud data center as subsectors seeing strong growth. Enterprise and 5G deployments excluding China are picking up, he added.
