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Industry Research
Semiconductors for Electric Vehicle Industry Research Report 2026
Market perspective
The global Semiconductors for Electric Vehicle market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Semiconductors for Electric Vehicle is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Semiconductors for Electric Vehicle is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Semiconductors for Electric Vehicle is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Semiconductors for Electric Vehicle include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Semiconductors for Electric Vehicle market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Semiconductors for Electric Vehicle.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Semiconductors for Electric Vehicle Market by Company
NXP Semiconductors
Infineon Technologies
Texas Instruments
Renesas Electronics
Robert Bosch GmbH
ROHM
Wolfspeed
ADI
STMicroelectronics
ON Semiconductor
Denso
Analog Devices
Nexperia (Wingtech)
Toshiba
Micron Technology
Navinfo
Allwinner Technology
Starpower
GigaDevice
Horizon Robotics
Semiconductors for Electric Vehicle Segment by Type
ASSP/ASIC
Micro-Component IC
Discrete
Optoelectronics
Nonoptical Sensors
Memory IC
Analog IC
General-Purpose Logic IC
Semiconductors for Electric Vehicle Segment by Application
Infotainment & Cluster
Body
ADAS
Chassis
Powertrain
Safety
Others
Semiconductors for Electric Vehicle Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Semiconductors for Electric Vehicle market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Semiconductors for Electric Vehicle and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Semiconductors for Electric Vehicle.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Semiconductors for Electric Vehicle manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Semiconductors for Electric Vehicle by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Semiconductors for Electric Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- ASSP/ASIC
- Micro-Component IC
- Discrete
- Optoelectronics
- Nonoptical Sensors
- Memory IC
- Analog IC
- General-Purpose Logic IC
Applications
- Infotainment & Cluster
- Body
- ADAS
- Chassis
- Powertrain
- Safety
- Others
Companies covered
- NXP Semiconductors
- Infineon Technologies
- Texas Instruments
- Renesas Electronics
- Robert Bosch GmbH
- ROHM
- Wolfspeed
- ADI
- STMicroelectronics
- ON Semiconductor
- Denso
- Analog Devices
- Nexperia (Wingtech)
- Toshiba
- Micron Technology
- Navinfo
- Allwinner Technology
- Starpower
- GigaDevice
- Horizon Robotics
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Semiconductors for Electric Vehicle by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 ASSP/ASIC
- 2.2.3 Micro-Component IC
- 2.2.4 Discrete
- 2.2.5 Optoelectronics
- 2.2.6 Nonoptical Sensors
- 2.2.7 Memory IC
- 2.2.8 Analog IC
- 2.2.9 General-Purpose Logic IC
- 2.3 Semiconductors for Electric Vehicle by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Infotainment & Cluster
- 2.3.3 Body
- 2.3.4 ADAS
- 2.3.5 Chassis
- 2.3.6 Powertrain
- 2.3.7 Safety
- 2.3.8 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Semiconductors for Electric Vehicle Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Semiconductors for Electric Vehicle Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Semiconductors for Electric Vehicle Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Semiconductors for Electric Vehicle Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Semiconductors for Electric Vehicle Production by Manufacturers (2021-2026)
- 3.2 Global Semiconductors for Electric Vehicle Production Value by Manufacturers (2021-2026)
- 3.3 Global Semiconductors for Electric Vehicle Average Price by Manufacturers (2021-2026)
- 3.4 Global Semiconductors for Electric Vehicle Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Semiconductors for Electric Vehicle Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Semiconductors for Electric Vehicle Manufacturers, Product Type & Application
- 3.7 Global Semiconductors for Electric Vehicle Manufacturers Established Date
- 3.8 Global Semiconductors for Electric Vehicle Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 NXP Semiconductors
- 4.1.1 NXP Semiconductors Semiconductors for Electric Vehicle Company Information
- 4.1.2 NXP Semiconductors Semiconductors for Electric Vehicle Business Overview
- 4.1.3 NXP Semiconductors Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.1.4 NXP Semiconductors Product Portfolio
- 4.1.5 NXP Semiconductors Recent Developments
- 4.2 Infineon Technologies
- 4.2.1 Infineon Technologies Semiconductors for Electric Vehicle Company Information
- 4.2.2 Infineon Technologies Semiconductors for Electric Vehicle Business Overview
- 4.2.3 Infineon Technologies Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.2.4 Infineon Technologies Product Portfolio
- 4.2.5 Infineon Technologies Recent Developments
- 4.3 Texas Instruments
- 4.3.1 Texas Instruments Semiconductors for Electric Vehicle Company Information
- 4.3.2 Texas Instruments Semiconductors for Electric Vehicle Business Overview
- 4.3.3 Texas Instruments Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.3.4 Texas Instruments Product Portfolio
- 4.3.5 Texas Instruments Recent Developments
- 4.4 Renesas Electronics
- 4.4.1 Renesas Electronics Semiconductors for Electric Vehicle Company Information
- 4.4.2 Renesas Electronics Semiconductors for Electric Vehicle Business Overview
- 4.4.3 Renesas Electronics Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.4.4 Renesas Electronics Product Portfolio
- 4.4.5 Renesas Electronics Recent Developments
- 4.5 Robert Bosch GmbH
- 4.5.1 Robert Bosch GmbH Semiconductors for Electric Vehicle Company Information
- 4.5.2 Robert Bosch GmbH Semiconductors for Electric Vehicle Business Overview
- 4.5.3 Robert Bosch GmbH Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.5.4 Robert Bosch GmbH Product Portfolio
- 4.5.5 Robert Bosch GmbH Recent Developments
- 4.6 ROHM
- 4.6.1 ROHM Semiconductors for Electric Vehicle Company Information
- 4.6.2 ROHM Semiconductors for Electric Vehicle Business Overview
- 4.6.3 ROHM Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.6.4 ROHM Product Portfolio
- 4.6.5 ROHM Recent Developments
- 4.7 Wolfspeed
- 4.7.1 Wolfspeed Semiconductors for Electric Vehicle Company Information
- 4.7.2 Wolfspeed Semiconductors for Electric Vehicle Business Overview
- 4.7.3 Wolfspeed Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.7.4 Wolfspeed Product Portfolio
- 4.7.5 Wolfspeed Recent Developments
- 4.8 ADI
- 4.8.1 ADI Semiconductors for Electric Vehicle Company Information
- 4.8.2 ADI Semiconductors for Electric Vehicle Business Overview
- 4.8.3 ADI Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.8.4 ADI Product Portfolio
- 4.8.5 ADI Recent Developments
- 4.9 STMicroelectronics
- 4.9.1 STMicroelectronics Semiconductors for Electric Vehicle Company Information
- 4.9.2 STMicroelectronics Semiconductors for Electric Vehicle Business Overview
- 4.9.3 STMicroelectronics Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.9.4 STMicroelectronics Product Portfolio
- 4.9.5 STMicroelectronics Recent Developments
- 4.10 ON Semiconductor
- 4.10.1 ON Semiconductor Semiconductors for Electric Vehicle Company Information
- 4.10.2 ON Semiconductor Semiconductors for Electric Vehicle Business Overview
- 4.10.3 ON Semiconductor Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.10.4 ON Semiconductor Product Portfolio
- 4.10.5 ON Semiconductor Recent Developments
- 4.11 Denso
- 4.11.1 Denso Semiconductors for Electric Vehicle Company Information
- 4.11.2 Denso Semiconductors for Electric Vehicle Business Overview
- 4.11.3 Denso Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.11.4 Denso Product Portfolio
- 4.11.5 Denso Recent Developments
- 4.12 Analog Devices
- 4.12.1 Analog Devices Semiconductors for Electric Vehicle Company Information
- 4.12.2 Analog Devices Semiconductors for Electric Vehicle Business Overview
- 4.12.3 Analog Devices Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.12.4 Analog Devices Product Portfolio
- 4.12.5 Analog Devices Recent Developments
- 4.13 Nexperia (Wingtech)
- 4.13.1 Nexperia (Wingtech) Semiconductors for Electric Vehicle Company Information
- 4.13.2 Nexperia (Wingtech) Semiconductors for Electric Vehicle Business Overview
- 4.13.3 Nexperia (Wingtech) Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.13.4 Nexperia (Wingtech) Product Portfolio
- 4.13.5 Nexperia (Wingtech) Recent Developments
- 4.14 Toshiba
- 4.14.1 Toshiba Semiconductors for Electric Vehicle Company Information
- 4.14.2 Toshiba Semiconductors for Electric Vehicle Business Overview
- 4.14.3 Toshiba Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.14.4 Toshiba Product Portfolio
- 4.14.5 Toshiba Recent Developments
- 4.15 Micron Technology
- 4.15.1 Micron Technology Semiconductors for Electric Vehicle Company Information
- 4.15.2 Micron Technology Semiconductors for Electric Vehicle Business Overview
- 4.15.3 Micron Technology Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.15.4 Micron Technology Product Portfolio
- 4.15.5 Micron Technology Recent Developments
- 4.16 Navinfo
- 4.16.1 Navinfo Semiconductors for Electric Vehicle Company Information
- 4.16.2 Navinfo Semiconductors for Electric Vehicle Business Overview
- 4.16.3 Navinfo Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.16.4 Navinfo Product Portfolio
- 4.16.5 Navinfo Recent Developments
- 4.17 Allwinner Technology
- 4.17.1 Allwinner Technology Semiconductors for Electric Vehicle Company Information
- 4.17.2 Allwinner Technology Semiconductors for Electric Vehicle Business Overview
- 4.17.3 Allwinner Technology Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.17.4 Allwinner Technology Product Portfolio
- 4.17.5 Allwinner Technology Recent Developments
- 4.18 Starpower
- 4.18.1 Starpower Semiconductors for Electric Vehicle Company Information
- 4.18.2 Starpower Semiconductors for Electric Vehicle Business Overview
- 4.18.3 Starpower Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.18.4 Starpower Product Portfolio
- 4.18.5 Starpower Recent Developments
- 4.19 GigaDevice
- 4.19.1 GigaDevice Semiconductors for Electric Vehicle Company Information
- 4.19.2 GigaDevice Semiconductors for Electric Vehicle Business Overview
- 4.19.3 GigaDevice Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.19.4 GigaDevice Product Portfolio
- 4.19.5 GigaDevice Recent Developments
- 4.20 Horizon Robotics
- 4.20.1 Horizon Robotics Semiconductors for Electric Vehicle Company Information
- 4.20.2 Horizon Robotics Semiconductors for Electric Vehicle Business Overview
- 4.20.3 Horizon Robotics Semiconductors for Electric Vehicle Production, Value and Gross Margin (2021-2026)
- 4.20.4 Horizon Robotics Product Portfolio
- 4.20.5 Horizon Robotics Recent Developments
5 Global Semiconductors for Electric Vehicle Production by Region
- 5.1 Global Semiconductors for Electric Vehicle Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Semiconductors for Electric Vehicle Production by Region: 2021-2032
- 5.2.1 Global Semiconductors for Electric Vehicle Production by Region: 2021-2026
- 5.2.2 Global Semiconductors for Electric Vehicle Production Forecast by Region (2027-2032)
- 5.3 Global Semiconductors for Electric Vehicle Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Semiconductors for Electric Vehicle Production Value by Region: 2021-2032
- 5.4.1 Global Semiconductors for Electric Vehicle Production Value by Region: 2021-2026
- 5.4.2 Global Semiconductors for Electric Vehicle Production Value Forecast by Region (2027-2032)
- 5.5 Global Semiconductors for Electric Vehicle Market Price Analysis by Region (2021-2026)
- 5.6 Global Semiconductors for Electric Vehicle Production and Value, YOY Growth
- 5.6.1 North America Semiconductors for Electric Vehicle Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Semiconductors for Electric Vehicle Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Semiconductors for Electric Vehicle Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Semiconductors for Electric Vehicle Production Value Estimates and Forecasts (2021-2032)
- 5.6.5 South Korea Semiconductors for Electric Vehicle Production Value Estimates and Forecasts (2021-2032)
- 5.6.6 India Semiconductors for Electric Vehicle Production Value Estimates and Forecasts (2021-2032)
6 Global Semiconductors for Electric Vehicle Consumption by Region
- 6.1 Global Semiconductors for Electric Vehicle Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Semiconductors for Electric Vehicle Consumption by Region (2021-2032)
- 6.2.1 Global Semiconductors for Electric Vehicle Consumption by Region: 2021-2026
- 6.2.2 Global Semiconductors for Electric Vehicle Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Semiconductors for Electric Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Semiconductors for Electric Vehicle Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Semiconductors for Electric Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Semiconductors for Electric Vehicle Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Semiconductors for Electric Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Semiconductors for Electric Vehicle Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Semiconductors for Electric Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Semiconductors for Electric Vehicle Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Semiconductors for Electric Vehicle Production by Type (2021-2032)
- 7.1.1 Global Semiconductors for Electric Vehicle Production by Type (2021-2032) & (k units)
- 7.1.2 Global Semiconductors for Electric Vehicle Production Market Share by Type (2021-2032)
- 7.2 Global Semiconductors for Electric Vehicle Production Value by Type (2021-2032)
- 7.2.1 Global Semiconductors for Electric Vehicle Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Semiconductors for Electric Vehicle Production Value Market Share by Type (2021-2032)
- 7.3 Global Semiconductors for Electric Vehicle Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Semiconductors for Electric Vehicle Production by Application (2021-2032)
- 8.1.1 Global Semiconductors for Electric Vehicle Production by Application (2021-2032) & (k units)
- 8.1.2 Global Semiconductors for Electric Vehicle Production Market Share by Application (2021-2032)
- 8.2 Global Semiconductors for Electric Vehicle Production Value by Application (2021-2032)
- 8.2.1 Global Semiconductors for Electric Vehicle Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Semiconductors for Electric Vehicle Production Value Market Share by Application (2021-2032)
- 8.3 Global Semiconductors for Electric Vehicle Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Semiconductors for Electric Vehicle Value Chain Analysis
- 9.1.1 Semiconductors for Electric Vehicle Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Semiconductors for Electric Vehicle Production Mode & Process
- 9.2 Semiconductors for Electric Vehicle Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Semiconductors for Electric Vehicle Distributors
- 9.2.3 Semiconductors for Electric Vehicle Customers
10 Global Semiconductors for Electric Vehicle Analyzing Market Dynamics
- 10.1 Semiconductors for Electric Vehicle Industry Trends
- 10.2 Semiconductors for Electric Vehicle Industry Drivers
- 10.3 Semiconductors for Electric Vehicle Industry Opportunities and Challenges
- 10.4 Semiconductors for Electric Vehicle Industry Restraints
11 Report Conclusion
12 Disclaimer
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