Your next car could have Intel inside with the chipmaker's new auto division

Intel's Ponte Vecchio processor uses advanced packaging techniques the chipmaker plans to offer automakers, too. Intel on Thursday announced a new division to design and sell chips that will help carmakers modernize vehicles and the processors that power them. The chipmaker is trying to cash in on a fast-growing market for the semiconductors it builds. For automakers, processors in 2019 represented 4% of a car's cost, but it's going to soar to 20% by 2030, Intel predicts. That's because cars are becoming computers on wheels, with developments like autonomous vehicle technology, driver assistance features like automatic emergency braking, chips that monitor everything from tire pressure to battery temperature, and ever fancier dashboard displays and entertainment systems.