The silicon chip market is projected to grow from USD 483.00 billion in 2022 to USD 893.10 billion in 2029 at a CAGR of 9.2% during the 2022-2029 period. Net profit is around 20% depending on quality of the chip and where its manufactured. Huge amounts of capital is being poured into the industry because of the last few years issues causing shortages, especially out of Taiwan - China/USA and India amongst others have determined that it is a strategic industry that needs to be located at home. If AXE is able to demonstrate commerciality of the 12cq chip, I am sure that they would have many organisations knocking on the door. All in good time - not investment advise.
AXE Price at posting:
71.5¢ Sentiment: Buy Disclosure: Held
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