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Analog Devices, Inc. (NASDAQ:ADI) is included among the 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts.
Analog Devices, Inc. (NASDAQ:ADI) designs and produces integrated circuits (ICs), software, and subsystems that process real-world data, supporting technologies across industries such as automotive, communications, healthcare, and industrial automation.
On October 21, ASE Technology Holding Co. and Analog Devices, Inc. (NASDAQ:ADI) announced a strategic collaboration in Penang, Malaysia, marked by the signing of a binding Memorandum of Understanding (MoU).
Under the proposed agreement, ASE plans to acquire 100% of the equity in Analog Devices Sdn. Bhd., which includes ADI’s manufacturing facility in Penang. Alongside this, the two companies intend to establish a long-term supply agreement, allowing ASE to provide manufacturing services for ADI.
Vivek Jain, Executive Vice President of Global Operations & Technology at ADI, made the following comment:
“We are teaming up with ASE to expand the Penang factory’s capability and capacity. This strengthens our technology offering and supply chain resiliency as we continue to offer best-in-class support for our customers. The joint effort will leverage the companies’ expertise to foster growth of technology and manufacturing in the Penang facility and enable continued career opportunities for employees.”
Both firms also plan to jointly invest in developing and upgrading the Penang facility’s capabilities.
While we acknowledge the potential of ADI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Dividend Stocks Under $10 to Invest in and 11 Best FTSE Dividend Stocks to Buy Right Now
Disclosure: None.
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