At IAA Mobility, during his first in-person keynote since taking the helm of Intel in February, CEO Pat Gelsinger predicted that semiconductors will account for more than 20% of the total premium vehicle bill of materials (BOM) by 2030. That represents a 5x growth rate over 2019’s 4% figure. This comes amid increasing demand for semiconductors generally. Gelsinger predicted the total addressable market (TAM) for automotive semiconductors will nearly double by the end of the decade to $115 billion, accounting for more than 11% of the entire silicon TAM. This trend is being driven by what Gelsinger called “the digitization of everything” and four superpowers—ubiquitous compute, pervasive connectivity, cloud-to-edge infrastructure, and AI—that are permeating the automotive and mobility industries. Gelsinger described the situation as both a massive challenge and enormous opportunity. Gelsinger reminded the audience in Munich that Intel has plans to build at least two new semiconductor factories […]