ARM Holdings, Qualcomm, Texas Instruments, Taiwan Semiconductor andSemiconductor Manufacturing International

CHICAGO--([ BUSINESS WIRE ])--Today, Zacks Equity Research discusses the Semiconductor Industry, including: ARM Holdings(Nasdaq: [ ARMH ]), Qualcomm(Nasdaq: [ QCOM ]), Texas Instruments(NYSE: [ TXN ]), Taiwan Semiconductor(NYSE: [ TSM ]) andSemiconductor Manufacturing International(NYSE: [ SMI ]).

A synopsis of todaya�s Industry Outlook is presented below. The full article can be read at [ http://www.zacks.com/stock/news/44987/Semiconductor+Industry+Outlook ]

The demand for greater functionality in smaller and more power efficient gadgets is leading to greater integration within the semiconductor device. This is leading to increased demand for the system-on-a-chip (SoC), which is a single device incorporating a microprocessor, digital signal processor or graphics core, as well as memory and logic.

Within SoCs, both application-specific integrated circuits (ASICs) and application specific standard products are expected to do well. ASICs are usually customized for a single buyer, while ASSPs may have multiple buyers.

OPPORTUNITIES

Manufacturing digital ICs is expensive, as it requires state-of-the-art technology and processes. On the other hand, digital products are cheaper, so cost recovery is more difficult. This has led to specialization in the industry and a greater contribution from Asian manufacturers. However, a significant portion of the intellectual property remains with the domestic companies.

One of the primary beneficiaries of the growth in mobile phones, tablets and the like isARM Holdings(Nasdaq: [ ARMH ]), with its power-efficient low-performance chip architecture that dominates the growing mobile phone and tablet markets. Others would beQualcomm(Nasdaq: [ QCOM ]), Samsung andTexas Instruments(NYSE: [ TXN ]). As such, we remain upbeat about these companies in 2011.

The ongoing strength in these markets has also spurred growth at foundries which actually performed much better than expected in 2010 and can look forward to a good 2011 as well. As a result, we have turned bullish on the sector, encouraging investors to accumulate shares ofTaiwan Semiconductor(NYSE: [ TSM ]) andSemiconductor Manufacturing International(NYSE: [ SMI ]).

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ARM Holdings, Qualcomm, Texas Instruments, Taiwan Semiconductor andSemiconductor Manufacturing International