The market's is focused on the biggest and most popular names in the business, but this little company is perfectly positioned.

We're not quite there yet, but artificial intelligence tech will soon be standard in most -- if not all -- automobiles, and electric vehicles in particular. A recent outlook from Global Market Insights suggests the worldwide automotive AI market is likely to grow at an average annual pace of nearly 43% through 2034.

And there's one chipmaker that's quietly positioned to dominate this business even though plenty of bigger players already have their toes dipped into this market. That's NXP Semiconductors ( NXPI -0.89% ) . Here's why.

But first things first.

AI is already found in plenty of vehicles

It's further along than you think. Self-driving-capable

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