Chip designer Arm is rapidly expanding its automotive business, amid mounting competition from open-source rival RISC-V. Revenue from the segment has doubled since 2020, the Financial Times reports. Dennis Laudick, VP of automotive go-to-market at Arm, attributed the growth to the number of chips required by high-end cars, which he described as “data [centers] on wheels.” This trend is set to accelerate as demand for electric and autonomous vehicles grows. Semico Research predicts the automotive chip IP market will double by 2027 — which could prove crucial to Arm’s future business. The UK-based firm produces chip designs that are used…
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