Developments in software and hardware effect Aptiv PLC operations
In February 2022, Aptiv expected revenue to grow 8% to 10% more than vehicle production. Semiconductor shortages and high demand for non-electric and electric vehicles contribute to high company revenue. While struggling with hardware supply chains, the company has invested heavily in improving its software infrastructure. As software becomes more important to automakers and consumers, Aptiv purchased Wind River, a software developer, for $4.3 billion in January 2022. Offering the latest software and controlling a steady supply of semiconductor hardware keeps Aptiv competitive in the rapidly shifting automotive industry.
Balance Sheet|Competition|New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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