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KPMG: Automotive chips to surpass $250B by 2040

KPMG is more optimistic about car chips.


The automotive semiconductor industry is expected to surpass $250 billion by 2040, according to a report by professional services firm KPMG. That’s because cars are becoming computers on wheels. The company revised upward a previous forecast that it made in 2019 by 25%, as it is more optimistic about factors that will be pushed upward by a sp…Read More