With the pandemic-era digital boom fading in 2022, the semiconductor industry entered a slump that has lasted for around two years. The good news is that this downturn could be coming to an end. World Semiconductor Trade Statistics (WSTS) has revised its growth expectations for 2024 upwards and expects a 19% year-on-year increase in the semiconductor market to reach US$627 billion. This momentum is expected to continue this year with an 11.2% year-on-year increase, bringing the semiconductor market valuation to US$697 billion. Here are four attractive semiconductor stocks that could ride on this wave to do well this year.

Micro-Mechanics (Holdings) (SGX: 5DD)

Micro-Mechanics (Holdings), or MMH, is a supplier of high precision tools and parts in the wafer fabrication and assembly processes for the semiconductor industry. The group maintains a diversified manufacturing footprint with five operating facilities in Singapore, Malaysia, China, the Philippines, and the USA. Revenue for the first quarter of fiscal 2025 (1Q FY2025) rose 2.5% year on year to S$16.2 million....