Automotive Chips TAM to Exceed $115B By 2030: Intel CEO

Semiconductors will account for more than 20% of the total bill of materials in the average premium vehicle by 2030 -- a fivefold growth rate from 2019, Intel CEO Pat Gelsinger told the IAA Mobility show in Munich Tuesday in his first in-person keynote address since taking the helm in February. Gelsinger predicted the total addressable market for automotive semiconductors will nearly double by the end of the decade to $115 billion, for more than 11% of the entire silicon TAM.