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Benzinga

Business

Shivani Kumaresan

Gogoro Confident Of Its Chip Supply: Reuters

Gogoro Horace Luke Nasdaq SPAC Wikimedia Commons China India

Taiwanese electric scooter maker Gogoro Inc’s (NASDAQ:GGR) Chief Executive Officer Horace Luke said that the company has an adequate amount of chips to meet its needs, Reuters reported.
The report quoted Luke saying the company used far fewer chips than electric car makers and has a healthy supply of chips.
Meanwhile, CEO Luke warned of a tightened chip supply scenario by year-end as it plans to grow in China, India, and Southeast Asia.
The company’s stand comes amidst a global shortage of semiconductors that impacted automakers.
Gogoro was recently listed on Nasdaq through a SPAC merger.
Price Action: GGR shares are trading higher by 2.50% at $8.20 in premarket on the last check Tuesday.
Photo via Wikimedia Commons

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