GM says it's looking at North America for semiconductors to alleviate chip shortages

  • General Motors (NYSE:GM) is looking closer to home for ways to combat what has been a year-long supply chain issue that has impacted the supply of semiconductors used in autos.
  • Speaking at Barclay's investment conference last week, GM President Mark Reuss said the Detroit automaker is seeking out chip designs that are built in North America as a way of securing more, and better access to microcontrollers and other automotive chipsets. According to Reuters, Reuss said GM will work with supplier partners Qualcomm (NASDAQ:QCOM), ST Micro (NYSE: STMicroelectronics ), Renesas (OTCPK:RNECF), NXP (NASDAQ:NXPI), On Semiconductor (NASDAQ:ON), Infineon and Taiwan Semiconductor (NYSE:TSM) on three new microcontroller designs that will reduce by 95% the number of chips used in future GM (GM) vehicles.
  • Reuss said that most of GM's (GM) investment in microcontrollers "will flow to the U.S. and Canada" and that the company sees its need for semiconductors "more than doubling over the new few years."
  • Several other chipmakers, including Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA) have made the auto industry a key target for future growth. Earlier this week, Qualcomm (QCOM) gave an upbeat business outlook, as it gave details of a diversification strategy that includes a new deal to provide its Snapdragon chips to BMW for its next generation of automated driving systems.

    Over the current book year the company from Detroit could achieve a revenue around 128.6 billion USD (consensus estimates). This is slightly more than 2021's revenue of 122.49 billion USD.

    Historical revenues and results General Motors plus estimates 2021

    aandelenanalyse

    The analysts expect for 2021 a net profit of 9.74 billion USD. According to most of the analysts the company will have a profit per share for this book year of 6.65 USD. Based on this the price/earnings-ratio is 9.29.

    For this year the analysts expect a dividend of 38 cents per share. General Motors 's dividend yield thus equals 0.61 percent. The average dividend yield of the automobile producers is an attractive 2.78 percent.

    Based on the current number of outstanding shares General Motors 's market capitalization 86.52 billion USD. 44

    On Friday the stock closed at 61.8 USD.

    Historical stock prices General Motors

    financial analysis generalmotors

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