News Formal

3 Global Semiconductor Stocks Set to Benefit From China's EV Boom

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 29 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Texas Instruments Incorporated News

ON Semiconductor Corporation,Stmicroelectronics NV ADR

Stocks Analysis by MarketBeat.com (Jea Yu) covering: Texas Instruments Incorporated, ON Semiconductor Corporation, STMicroelectronics NV ADR. Read MarketBeat.com (Jea Yu)'s latest article on Investing.com

The Chinese EV market growth slowed down at the start of 2024, but evidence shows its recovery is underway.

China is the largest electric vehicle market in the world. EVs are also called new energy vehicles and battery electric vehicles . However, the combination of price cuts, European Union provisional tariffs and an uncertain macroeconomic climate caused the EV industry's growth to slow at the start of 2024. Its EV registrations dropped 45% YoY in July 2024.

Unfortunately, that was the highlight of Texas Instrument's earnings as the industry continued to soften, with sales falling in the low single digits due to continued inventory glut issues.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 Stocks Gearing Up for Strong Q4 Rally Amid AI Boom, Holiday SeasonStocks Analysis by MarketBeat.com (Jea Yu) covering: Microsoft Corporation, Best Buy Co Inc, Micron Technology Inc, TJX Companies Inc. Read MarketBeat.com (Jea Yu)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »