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Benzinga
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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