Good time to buy these three chipmakers: Intel, Texas Instruments and Nvidia

Article Excerpt

Manufacturing activity continues to rebound from last year’s coronavirus downturn. The pandemic also disrupted the ability of chipmakers to keep up with the increased demand. That has led to chip shortages and higher prices. We feel Intel remains a strong choice for conservative investors to gain exposure to this increasingly vital industry. However, only aggressive investors should consider Texas Instruments and Nvidia. INTEL CORP. $58 is a buy. The company (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.1 billion; Market cap: $237.8 billion; Price-to-sales ratio: 3.0; Dividend yield: 2.4%; TSINetwork Rating: Above Average; www.intel.com) is the world’s leading maker of computer chips: its products power 90% of all personal computers and more than 80% of all data centres. The company now plans to spend $20 billion to build two new chipmaking facilities in Arizona. The plants should begin operating in 2023 and let Intel make chips for other companies. That production should include semiconductors based on Intel’s exclusive x86 architecture. That…