The weakened economy, in conjunction with inflation, has allowed automakers an opportunity to use decreased chip demand in other industries to their own advantage.
Automaker Daimler AG and its subsidiary, Mercedes-Benz, have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations.
Automakers like Ford have been testing using quantum computing to solve traffic jams and more recently, quantum computing companies offered the technology to help with the coronavirus pandemic.