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The chip shortage still persists in autos, while the percent of BOM of chips in cars has increased from 4% to 20% over the years. Soon vehicles will just be platforms for new chips and electronics of all types, especially with EVs and batteries becoming a major cost factor.
Profit in the third quarter of the company's fiscal year was down 20% from the same period of 2020 but the car giant remains confident about profitability
www.barrons.com