Several semiconductor stocks are set to benefit from what Bank of America says will be a big trend as countries recover from the pandemic: 5G.

Semiconductors, or chips, are vital components of smartphones and are also part of the infrastructure necessary for 5G technology — the next generation of mobile internet, with extra-fast download and upload speeds.

“5G could be the ultimate ‘reopening’ theme, as consumers venture out and demand faster cellular broadband coverage and capacity versus last year’s dependence on Wi-Fi,” the bank’s analysts, led by Vivek Arya, wrote in a note published Wednesday. Only around 20% of smartphones had 5G technology last year, but that is set to increase to 40% in 2021, the bank estimated.

It comes as major economies emerge from the coronavirus pandemic facing

https://www.cnbc.com/2021/06/02/semiconductor-stocks-to-buy-as-5g-demand-rises-bank-of-america.html