2 ASX blue chip shares tipped as buys for 2021

Are you looking to strengthen your portfolio with the addition of a couple of quality blue chip shares?

Then you’re in luck, listed below are two top blue chips that have been tipped as buys. Here’s what you need to know:

The first blue chip share to look at is Cochlear. It is a global leader in the design, manufacture, and sale of implantable hearing devices. Cochlear has been a strong performer over the last decade thanks to the increasing demand for its products due to the ageing populations tailwind and of course its industry leading product range.

The latter has been supported by its high level of investment in research and development (R&D). For example, in FY 2020 Cochlear invested $185 million or ~14% of its revenue on…