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Chipmakers Roll In The Cash As Auto Industry Continues To Feel Shortage Effects

Chipmakers Roll In The Cash As Auto Industry Continues To Feel Shortage Effects
06/01/21 AT 12:21 PM
While the auto industry continues to be impacted by a lack of semiconductor chips, the manufacturers that make these chips are seeing huge profit gains from the other industries that have seen an increase in demand for the tech products that use them.
According to a report from market research firm TrendForce, the 10 largest global chip producers reported record revenues for Q1 2021, as reported by CNBC.
These chip producers, also known as foundries, had combined first-quarter revenues of $22.75 billion – an all-time record high, TrendForce’s report indicated. ....

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Chipmakers Revenues Surge While Automakers' Profits Sink Amid Shortage

The top 10 chip producers had combined first-quarter revenues of $22.75 billion – an all-time record high. ....

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