(Updated to include Morningstar analyst comments about Lam Research).
NEW YORK ( TheStreet) -- Smartphone and tablet wars between Apple (AAPL - Get Report), HTC, Samsung and other hardware companies have intensified the need for faster, smaller and cheaper semiconductors.
Smartphones and tablets are selling briskly despite Europe's debt woes and the slowly growing U.S. economy. And that will continue as people shift from personal computers and laptops to mobile computing devices. Semiconductors these days need to be more powerful as the devices pack on features and capabilities unheard of just a few years ago.
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