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Why are chipmakers the best-performing industry in 10 years?

Flash forward 10 years to the turn of a new decade, cutting-edge chipmakers stand out as the best-performing industry across sectors and regions, becoming the backbone of the economy through theprevalence of internet-connected devices.

How did the Philadelphia Stock Exchange semiconductor index perform in 2023?

The Philadelphia Stock Exchange Semiconductor Index rose 65% this year, with 2023 representing the biggest one-year gain for the index since 2009, when it rose 70% in the aftermath of the financial-crisis market bottom. The index fell 0.8% on Friday, but recently traded near record levels.

Why did the Philadelphia semiconductor index double its value in a year?

The Philadelphia Semiconductor index, the closely watched 30-stock benchmark for the sector, doubled its value in just a year from its trough in November 2008. “All of a sudden,a lot of the companies didn’t have the capacity in place to support the order.

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