The automotive semiconductor industry is at a tipping point as demand surges, driven by smarter cars and electric vehicles. In a separate report, HSBC provides a road map to key products that offer growth potential and substantial localisation opportunities for Chinese suppliers. The report also highlights the disruptive technology in the industry, with the electrification and digitalisation of cars leading to a surge in demand for sophisticated chips. The average number of chips in a car has already doubled over the past decade, and the report expects it to double again from 2021 to 2028. The report also looks at areas that show the most potential growth and rates Ingenic, Wingtech, Starpower, Will Semi, and GigaDevice as Buy.
