5G Driving Automotive Transformation

The semiconductor industry has been investing heavily in the automotive segment for the past several years and rightfully so. According to Intel's forecast presented at IAA Mobility, the value of the automotive bill of materials (BOM) will increase as a percentage of the car from 4% today to more than 20% in 2030. There are few individual segments growing at such a rapid rate. We tend to think about this growth because of the electrification and autonomous control of vehicles, but as Qualcomm's CEO Cristiano Amon pointed out in his keynote at IAA Mobility, it is due to much more. According to Mr. Amon, the entire world is going through a "digital transformation".