XMHQ - Robert Castellano Positions For 2022: Outlook For Semiconductor And Semiconductor Equipment Stocks

• Semiconductor and semiconductor equipment revenue growth has witnessed double-digit growth in 2021, reflected by comparable growth in the SOX.
• Growth in these sectors will continue in 2022 due to strong post-COVID demand.
• A semiconductor "shortage" and plan for geographic self-sufficiency are catalysts for an oversupply of chips in 2023 and a meltdown of the equipment market.
• China represents an extreme ambiguity for equipment, as sales growth to the country has been strong, but possible U.S. sanctions on equipment exports could compress growth.

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