The shortage of semiconductors during a boom in electric vehicle sales could help raise profits at a handful of chip makers, according to Bank of America. The investment bank said shares of U.S.-listed European chip maker STMicroelectronics and Japan's Renesas Electronics could rise by more than 75% over the next year on that trend.
Germany's Infineon is the largest chip manufacturer for the automotive industry and is expected to earn $7.5 billion next year from sales to the sector. Bank of America analysts think the company maintains a "leading position" in the market with its low-cost manufacturing. As a result, it expects shares of the company to rise by more than 40% to $46 for its U.S. listing.
Not in this environment
INTC
AMD
Clickbait
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: