The global automobile production by one fifth in 2026

Semiconductor demand in the auto industry is expected to triple by 2030, the report said. This growth rate is stronger than other industries. By the end of this century, the number of chips needed by automobile manufacturers may reach 14% of the total number of chips in the world. This makes them the third largest chip consumer after mobile communication and data storage companies. The high demand for chips in the automotive industry is due to the expansion of the electric vehicle market and the increasing share of driver assistance systems.