ON Semiconductor and Denso Team Up to Boost Self-Driving Tech
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
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Source: Benzinga
Collaboration Announcement: ON Semiconductor and Denso Corp are enhancing their partnership to advance autonomous driving and driver assistance technologies, emphasizing the importance of a reliable semiconductor supply chain for vehicle safety and innovation.
Market Outlook: Analysts project a recovery in semiconductor demand driven by automotive and industrial sectors, with significant investments in AI expected in 2025, while the CHIPS Act is anticipated to continue supporting the U.S. semiconductor industry.
Analyst Views on SMH
Wall Street analysts forecast SMH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 402.820
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Current: 402.820
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
