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Top US Chip Maker Benefits from Chinese EV Boom

More than a decade after Tesla (NASDAQ: TSLA) unveiled the Roadster and proved that road-worthy electric vehicles (“EVs”) were more than just a pipe dream, the race for EV supremacy is heating up. Tesla is undoubtedly the world’s largest electric vehicle producer, securing more than 70% of the American market for itself and enjoying best-selling status in Europe. However, conquering China, which is the largest vehicle market on the globe, has proven to be a challenge for Tesla and other American automakers. That honor belongs to a variety of Chinese companies.

The only American automaker currently benefiting from the Chinese EV boom is a computer chip maker. Despite not achieving much penetration in the Chinese market, Tesla has done well in other regards — specifically, the company’s insistence on building its own computer chips. While the global semiconductor shortage forced other EV makers to halt production, Tesla simply rewrote some software and used a different kind of chip that was in abundance. But for American chip giant Nvidia, the chip shortage…


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