STMicro, Automotive Chipmakers Say There's Gas Left in Car Chips
- Shares of semiconductor industry hit by fears over demand
- Optimism remains from increasing number of chips in autos
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Automotive chipmakers are sticking to their argument: growth in the use of technology in cars is outweighing plateauing demand for vehicles and falling sales caused by European safety measures.
STMicroelectronics NV -- Europe’s second-largest chipmaker and one of the top suppliers of components for cars -- said that new models are demanding more chips for an increasingly bewildering array of applications, from lighting in door frames to infotainment software in dashboards.