Automotive Strength Set to Drive Fortunes of European Chip Makers — Talking Markets

A wafer sorting machine operates during the manufacturing process inside the new Infineon Technologies AG chip factory in Villach, Austria, on Thursday, Sept. 16, 2021.Photo: Akos Stiller/Bloomberg News

Resilience in the automotive market will be the driving force behind revenue growth for European chip makers this year, as car manufacturers scramble to secure the most power-efficient components for their passenger vehicles amid their push for electrification.

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