Robot Cars Spell Chip Sales for Europe's Infineon, STMicro
- Vehicles that drive themselves seen boosting growth, CEOs say
- Carmakers from BMW to Tesla are loading up on technology
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Two of Europe’s biggest chipmakers are targeting futuristic cars that drive themselves and have wireless connections as a new revenue growth opportunity.
Infineon Technologies AG, which makes sensors including those that enable autonomous driving, is predicting rising car-chip sales even if total vehicle purchases decline, Chief Executive Officer Reinhard Ploss said Wednesday in Barcelona. As cars become more like robots -- more automated, and connecting to each other and to their surroundings -- STMicroelectronics NV expects “very strong growth” in demand, CEO Carlo Bozotti said at the same event.