(MENAFN) Industry data showed that request on automotive chips is planned to increase harshly during the year.
On the other hand, industry tracker IC Insights data posted the automotive chip market is forecast to reach USD28 billion during 2017, rose by 22.4% compared with 2016.
However, data also showed that the international automotive chip market declined by 2.5% two years ago, after increasing 11.5% in 2014.
Meanwhile, in the preceding year, the high prices of chips have assisted in boosting the global auto chip market.
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