5 Stocks That Will Benefit from CHIPS Act

4. Samsung Electronics Co., Ltd. (OTC:005930.KS)

Number of Hedge Fund Holders: N/A

Samsung Electronics Co., Ltd. (OTC:005930.KS) is a South Korean multinational technology firm that produces semiconductors and display panels. Samsung Semiconductor, Inc. is a Silicon Valley-based multi-billion dollar subsidiary of Samsung Electronics Co., Ltd. (OTC:005930.KS). Roughly $40 billion of the total $52 billion from the CHIPS Act is set for chip manufacturing incentives that will potentially benefit the likes of Samsung Electronics Co., Ltd. (OTC:005930.KS). On July 28, the company reported Q2 GAAP earnings per share of KRW1613. The company recorded a quarterly revenue of KRW77.2 trillion, up 21.3% year over year.