Let's examine three unloved chip stocks that could go parabolic if the macroeconomic situation improves: Taiwan Semiconductor Manufacturing Company (NYSE: TSM) (more commonly known as TSMC), Broadcom (NASDAQ: AVGO), and Skyworks Solutions (NASDAQ: SWKS). Runaway inflation, rising interest rates, supply chain disruptions, the war in Ukraine, and other macro headwinds then exacerbated that pain and drove investors toward more conservative sectors. Its scale and early investments in ASML's extreme ultraviolet (EUV) lithography systems enabled it to pull ahead of its two closest rivals, Samsung and Intel, in the "process race" to create smaller, denser, and more power-efficient chips.