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 Arms future business. The UK-based firm produces chip designs that are used…
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