NXPI - Chip companies look for stability heading into 2022's second half

As the midpoint of 2022 approaches, the outlook for the semiconductor market remains largely stable, but not without some industry concerns that will remain in place for several months. That's the sentiment from Morgan Stanley analysts Joseph Moore and Ethan Puritz, who said that in the longer-term, the outlook for chips stocks "gets murkier" even though the basic fundamentals for the industry "mostly remain strong." Moore  and Puritz said that the results from companies that have already delivered quarterly reports have come in "roughly as we had expected" from a fundamental standpoint. Supply chain issues remain the biggest concern among investors, along with matters such as Covid-related lockdowns in China and general nervousness related to Russia's ongoing invasion of Ukraine that have resulted in weaker-than-usual mobile phone and PC sales. "Semiconductor buyers across all markets reflect heightened anxiety about supply chain issues," Moore and Puritz said in a research report,

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Chip companies look for stability heading into 2022's second half