Semiconductors: The Eyes, Ears and Brains of the Digital World
Actively Speaking Podcast
What Is the Investment Case for This Industry?
Apart from PCs, there's clearly a lot of growth in this industry. The SOCK has beaten the S&P in four out of the last five years. But it's largely outperformed because of stronger than S&P free cash flow growth. So you get higher growth, much higher quality for small premium to market valuation. This is why we continue to be constructive on the space on the industry and in particular global champions that dominate their serve markets.
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