5 Best Small-Cap Semiconductor Stocks to Buy Now

2. SiTime Corporation (NASDAQ:SITM)

Market Cap as of September 22: $1.711 billion

SiTime Corporation (NASDAQ:SITM) is a California-based semiconductor company that provides silicon timing systems to its customers.

SiTime Corporation (NASDAQ:SITM) has the perfect opportunity for the fast-growing 5G market through its Communications & Enterprise end market. The company can capture a significant part of the $48 billion 5G market. Furthermore, SiTime Corporation (NASDAQ:SITM) also caters to the automotive, industrial, and aerospace sectors. The global IoT automotive market alone is expected to grow at a CAGR of 25.5% to $286 billion in 2028, which proves to be a significant growth prospect for the company.

The most significant advantage that SiTime Corporation (NASDAQ:SITM) holds is its supply during these harsh economic conditions and supply constraints. The company has increased its inventory by $4 million from the previous quarter.