Auto industry’s share of global microchip capacity rises as EVs, software grow

πŸš— The auto industry has become the third-largest end market for semiconductors worldwide, fueled by the rise of electric vehicles and software. #AutoIndustryGrowth #EVs 🌍

The automotive industry surpassed the consumer and industrial sectors in 2023 to become the third-largest end market for semiconductors worldwide as demand for automotive-grade microchips continues to grow.

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