The chip shortage is getting ridiculous.
I know firsthand. As I started shopping for a new family car — something with seating for six, safe, reliable, great mileage, preferably a hybrid — every salesperson said the same thing.
“You’re more than welcome to order now. But your car won’t be delivered for three to six months.”
This is silly, I thought. How many chips does a car really need?
As it turns out, a heck of a lot.
Nowadays, the average gas-powered car comes with about 1,000 semiconductors.
If I managed to talk my partner into an electric vehicle (EV)? Forget it. Those require 2,000 chips.
Not to mention EVs that are partially self-driving. They need 3,000 semiconductors!
You can see where I’m going with this.
The demand for semiconductors is only going to get higher from here, especially as the gas-guzzler goes extinct.
Remember learning in history class about how the Ford Model T replaced the horse and buggy?
That’s happening again.
You see, electric vehicles are the next stage of mobility.
And it’s already underway.
President Joe Biden put out a mandate last August calling for 50% of cars sold in the U.S. to be electric by 2030.
And Ian King sees as much as 1,400% growth happening in the EV market by 2030.
That’s why he’s recommending a new semiconductor company in the March issue of Strategic Fortunes.
It’s perfectly positioned to take advantage of the tipping point in automotive chips.
As a result, Ian expects its stock price to triple within the next two years.
To receive this brand-new issue as soon as it releases next week, click here.
Also, if you’ve been car shopping recently, let us know. Are you having a hard time finding inventory — used or new? Write to WinningInvestorDaily@BanyanHill.com.
Keep reading below for this week’s Winning ideas.
This Week’s Winning Ideas
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Best Wishes,
Tiffany D’Abate
Senior Managing Editor, Banyan Hill Publishing