Pump penny stocks into semiconductor-grade investors, investing their funds but also taking up a relatively low growth horizon for their investments. Most of these stocks trade for less than ₹100 per piece and reward quite well. With rapid advances in technology and further penetration into the realm of digital transformation, needs for semiconductors in the renewable energy, telecommunications, automotive, and electronics industries continue to grow. Therefore, semiconductor penny stocks can be possibly premium area worth investing in.
Pixelworks
Pixelworks is one of those companies in this market that people might not know much about. This American semiconductor firm specializes in the design and manufacture of semiconductors. The objective of the firm is to produce high-quality, low-power visual processing products. Software and semiconductors from Pixelworks provide a consistent, high-quality viewing environment. Current focus areas for the company include performance and functional advancement along with reduced battery draw.
Resonant Inc
Resonant is developing a technology to filter 5G. Truly, it is trying to make better Wi-Fi and connectivity for the user. In the immediate past two years, they have brought into the advisory board a new addition. And this semiconductor penny stock has even introduced the technical committee for it. Its shipment volumes increased by 200% year on year. Most significantly, the leadership seems to have its act together Chief Operating Officer, who has 20 years of professional experience immediately prior. And the CEO has moved his way up through the ranks-not to mention, has served in several other leader positions at different companies.
EMCORE Corporation
Leading provider of new generation Optical-Mixed Signal Products having the ability to make extreme speed Internet communications possible. The very distinctive fiber optic access solutions for the enterprise and data center networks combine the highest levels of energy efficiency with the lowest system cost. EMCORE was founded in 1984 and has today more than 500 employees worldwide. EMCORE also provides a comprehensive range of optical components, from transceivers, optical engines, wavelength-selective switches to fiber optic cable assemblies.
Surana Solar Ltd.
Manufacture of solar panels and incorporation of semiconductors into the solar energy system. Continually expanding its footprint in both Indian and overseas solar markets. A continuous emphasis on sustainable energy solutions under the thrust of renewable energy in India. Even with much contribution towards India’s renewable energy ecosystem, Surana Solar’s shares are traded at very low prices. By providing semiconductor-based solar energy solutions, Surana Solar brings a highly prospective penny stock of semiconductors to watch for 2024.
Canaan
A China-based company, Canaan Inc. is primarily a leading high-performance computing solutions provider. It designs, develops, and sells high-end bitcoin mining machines. Canaan’s vision is democratizing cryptocurrency to enable everyone to access the most efficient products available. The company has built up a reputation as a global leader in blockchain hardware development and manufacturing as a result of its state-of-the-art technology. The product of the company is being distributed and sold worldwide through a network of distributors and resellers. It also operates a large state-of-the-art manufacturing facility in China.
The semiconductor penny stocks have undoubtedly become a pretty thrilling investment nowadays for individuals trying to cash in on the semiconductor demand in areas like renewable energy, automation, and electronics.
