27 Oct 2021 -
 EV

Automotive chip prices set to climb 10-20% in 2022, says insider

Automotive chip integrated equipment manufacturers (IDM) have notified customers that their chip prices will rise by 10-20% starting in 2022 due to the continuous increase in raw material costs, reports SemiMedia.

Infineon, NXP, Renesas, Texas Instruments and STMicroelectronics are preparing to increase their prices for automotive chips in 2022 due to the continuous increase in the prices of raw materials including copper, gold, oil and silicon wafers, according to sources.

“More details about the price increase have not yet been revealed, but the cost of chips for automakers will definitely rise next year,” the source is reported to have told SemiMedia.

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