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.

EVs Boost Chip Demand Despite Semiconductor Makers' Woes

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.