Tips & Ideas 

Buying the technology megatrend

Buying the technology megatrend

Snazzy smartphones and tablet PC devices are not just for Christmas. Despite a faltering global economy, the latest wireless gadgets are in popular demand all year round. This megatrend is not only good for device manufacturers, but also for a string of UK semiconductor companies involved in the supply of mobile-phone chips. Investors might flinch at some of the double-digit forecast PE ratios (see chart), but market growth is similarly exceptional. This sector is booming and is propelling a bull market in the technology hardware sector, which has risen almost 500 per cent over the past four years, making it the best-performing sector in the FTSE All-Share index.

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