Chip Market Archives - TechGoing https://www.techgoing.com/tag/chip-market/ Technology News and Reviews Sun, 25 Dec 2022 06:14:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 China’s automotive chip usage will reach 100 billion by 2030 https://www.techgoing.com/chinas-automotive-chip-usage-will-reach-100-billion-by-2030/ Sun, 25 Dec 2022 06:14:17 +0000 https://www.techgoing.com/?p=57665 Recently, China’s electric vehicle hundred will vice president and secretary-general Zhang Yongwei said that the chip demand is growing, is expected to 2030 China’s car intelligence penetration rate will reach 70%, the demand for chips appeared an explosive growth trend, the traditional car single chip 300-500, electric intelligent car single chip more than 1,000, high-grade […]

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]]> Recently, China’s electric vehicle hundred will vice president and secretary-general Zhang Yongwei said that the chip demand is growing, is expected to 2030 China’s car intelligence penetration rate will reach 70%, the demand for chips appeared an explosive growth trend, the traditional car single chip 300-500, electric intelligent car single chip more than 1,000, high-grade self-driving car single chip will be more than 3,000.

In addition, Zhang Yongwei also predicts that by 2030, the scale of my country’s automotive chip market will reach 29 billion US dollars, and the number will reach 100-120 billion per year, so the demand for automotive chips is increasing and the gap is also increasing.

The latest data released by Auto Forecast Solutions, an automotive industry data forecasting company, shows that as of December 18, the global auto market has cut production by about 4.4142 million vehicles this year due to chip shortages. Looking forward to 2023, the agency believes that although the chip shortage will continue, it expects global auto production to be reduced by less than 3 million vehicles in 2023, a significant improvement from this year.

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