6 Best Semiconductor Penny Stocks to Buy Now

4. Mobix Labs, Inc. (NASDAQ:MOBX)

Share Price: $0.23

Number of Hedge Fund Holders: 6

Mobix Labs, Inc. (NASDAQ:MOBX) is one of the best semiconductor penny stocks to buy now. On January 5, Mobix Labs, Inc. (NASDAQ:MOBX) announced that it is appointing Amir Asvadi as the General Manager of the company’s EMI product line and defense manufacturing operations. Asvadi has many years of experience leading business units at publicly traded companies that serve the defense and aerospace markets.

According to the report, Mobix Labs, Inc. (NASDAQ:MOBX) is also working to expand its defense manufacturing facilities and grow its EMP product line. Asvadi’s operational focus and leadership skills are expected to support faster and more consistent execution.

Mobix Labs, Inc. (NASDAQ:MOBX) also confirmed that it plans to move into a larger, military-approved facility. The new site will support higher production capacity and help meet growing demand.

The planned facility aims to bring the company’s West Coast operations together under one roof. This move will help streamline production, manufacturing, and daily operations while also improving coordination and overall operational efficiency.

Mobix Labs, Inc. (NASDAQ:MOBX) is a fabless semiconductor company specializing in the supply of advanced connectivity solutions for aerospace, defense, AI, and 5G infrastructure markets.