Maxim Integrated’s Automotive Business Makes It a Buy [The Motley Fool]
Maxim Integrated Products, Inc. (MXIM)
Last maxim integrated products, inc. earnings: 4/28 04:03 pm
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US:NASDAQ Investor Relations:
investor.maximintegrated.com/home/default.aspx
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Source: The Motley Fool
Maxim's impressive list of clients and the overall growth in the connected car market could help it win big in the long run. The connected-car revolution is upon us, as the number of vehicles going online and talking to one another will spike rapidly in the coming years. IHS Markit estimates that sales of connected cars will triple to 72.5 million units in 2023 from 24 million units in 2015, which means that an estimated 69% of passenger vehicles sold globally will be receiving and sending data using sensors. These sensors need analog circuits to talk to one another and send data to the vehicle's computer, so they will stay in strong demand. One way to invest in the connected car boom is through Maxim Integrated Products ( NASDAQ:MXIM ) , an analog integrated circuit vendor. The chipmaker has displayed remarkable growth in its automotive business over the years as the semiconductor content in vehicles has increased. In fact, the automotive sector has been the key t
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