Tech companies bank on autos to offset dismal electronics demand

Isaiah Research Senior Analyst Eddie Han said demand for electric cars is increasing steadily, but not exceptionally so, given the slowdown in the global economy.

"It will grow, but we don't expect to see exponential growth this year. It's going to be a tough year for the tech supply chain. They will spend half of the year dealing with [excess] inventories and declining production utilization of factories," Han said. "Everyone expects the markets to bounce in the second half, but no one really knows."