@Mrzorro:EVs Boost Chip Demand Despite Semiconductor Makers' Woes Chip sales that have declined across many customer segments are still enjoying one area of rising demand: cars. Growing sales of electric vehicles -- which tend to use more semiconductors than their gas-powered counterparts -- coupled with greater automation of all vehicles, have kept producers of chips for cars busy. The long-term outlook for the market appears robust, Tesla Inc. suggested this past week, as Chief Executive Elon Musk detailed plans for his car company to scale up to 20 million vehicles a year by 2030, from around 1.3 million in 2022. Chip executives say the growth in the number of chips going into cars has been staggering. As of 2021, the average car had about 1,200 chips, twice the number in 2010 and that figure is

@Mrzorro:Market Recap | Dow, S&P 500 Close Slightly Higher  U.S. stocks treaded water Monday, with investors awaiting Fed Chair Jerome Powell's congressional testimony on Tuesday and important labor market data at the end of the week. $S&P 500(.SPX)$ climbed less than 0.1%, and $DJIA(.DJI)$  added 0.1%, or about 40 points. $NASDAQ(.IXIC)$ slipped 0.1%. Stocks opened the session modestly higher before paring their advance in afternoon trading. All three major indexes climbed last week, with the Dow breaking a four-week losing streak. The indexes, however, are sti