Aug 9 (Reuters) - Aptiv PLC (APTV.N) does not expect semiconductor prices to cool off in the near future, the auto parts supplier said on Wednesday.
Even though supply-chain challenges are easing, prices of certain parts remain high, denting profits.
The company said the "real challenge" is in obtaining chips, whose prices have risen 25% to 30%, while supply chains remain tight.
The Dublin-based company said demand for new vehicles remains strong in North America and Europe, but flagged concerns around underlying GDP growth in China.
Reporting by Pratyush Thakur in Bengaluru; Editing by Shailesh Kuber and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons:
Kevin Clark, Pratyush Thakur, Shailesh Kuber, Pooja Desai
Organizations:
Aptiv, Ford, Detroit, JPMorgan, United Auto Workers, UAW, Ford Motor, General Motors, Thomson
Locations:
Dublin, North America, Europe, China, Bengaluru