Recent #EV Growth news in the semiconductor industry

12 months ago
1. The automotive semiconductor market reached $67 billion in 2023, with Infineon, NXP, and ST Microelectronics leading the market. 2. Despite a strong recovery from pandemic-related shortages, signs of market slowdown are evident, with quarterly revenues of top suppliers declining. 3. The growth of the market is driven by increasing semiconductor content in vehicles, particularly EVs and driver-assist systems, although these segments are also showing signs of slowing growth.
Automotive Semiconductor MarketEV GrowthInfineon