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President Joe Biden recently the $280 billion dollar signed CHIPS and Science Act, setting aside roughly $52 billion dollars to bolster the US computer chip sector.
After supply chain shortages and record demand for semiconductors, the CHIPS act will boost the domestic semiconductor manufacturing industry to better compete with China.
One way to benefit from this would be to purchase semiconductor stocks that offer dividends and growth.
Semiconductor Dividend Stock #1: Intel Corporation (NASDAQ: INTC)
Dividend Yield: 4.10%
Annual Dividend: $1.46
Frequency: Quarterly
Intel Corporation has a track record of increasing its dividends over the past eight years. Intel is the world’s largest logic chipmaker as it designs and…
Full story available on Benzinga.com
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