Car Chip Demand Hits Fast Lane -- Market Talk
DOW JONES & COMPANY, INC. 11:00 AM ET 3/1/2021
Symbol Last Price Change
INTC 62.9842down +2.2042 (+3.6265%)
NVDA 550.705down +2.125 (+0.3874%)
QUOTES AS OF 11:45:15 AM ET 03/01/2021
1100 ET - The value of chips going into cars will accelerate, Bank of America says, at a time a shortage of processors has caused production problems for vehicle makers. A typical car now has around $458 worth of semiconductors which BofA sees rising to $600 roughly by the end of 2024. If self-driving cars really hit the road, BofA analysts think that could add $1,200 in chip content. The trend could benefit a broad range of players, including On Semi, Intel(INTC) and Nvidia(NVDA). (robert.wall@wsj.com)
