EVs Boost Chip Demand Despite Semiconductor Makers' Woes
Automotive chips are in good shape. E-vehicle sales continue to grow and automation is increasing in all types of vehicles.
Despite chip sales falling across many customer segments, there is still a growing demand for cars.
Electric vehicles are gaining popularity
As Tesla Inc.'s Chief Executive, this week suggested that the long-term outlook for market looks positive.
Elon Musk
detailed plans for his car company
You can scale up to 20,000,000 vehicles
A year by 2030 from approximately 1.3 million in 2022.