"Whereas others are struggling, we've actually really profited," he said in a "Mad Money" interview. McClymont's comments came after Ford Motor announced earlier in the day it would cut back on car production at multiple North American plants as the industry grapples with a global chip shortage. Demand for semiconductors has spiked during the Covid-19 pandemic as consumers buy more electronics for their homes. Semiconductors are used in a range of consumer products, including phones, computers and increasingly electrified automobiles. Indie Semiconductor, which is based in Aliso Viejo, California, makes next-generation chips and software for the automobile industry. It supplies chips for applications including advanced driver-assistance and autonomous systems, connected driving, user experience and vehicle electrification.