ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Supply Chain

Tech companies bank on autos to offset dismal electronics demand

Analysts warn returns may disappoint as new players rush in

Foxconn, the world's largest contract electronics manufacturer, is cautious about the overall economic outlook but positive on the electric vehicle industry.   © Reuters

TAIPEI -- Tech manufacturers from chipmakers to product assemblers are turning to the electric vehicle market to offset a lingering slowdown in consumer electronics.

But while the shift into cars promises higher margins and new markets for some companies, analysts warn that EVs alone may not be enough to counter sluggish demand for smartphones and other devices.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more