Intel to invest €80 billion in semiconductors in Europe
Establishing two new fabs to address the EU mobility industry
Securing dedicated foundry capacity at existing Irish fab


Intel CEO Pat Gelsinger, in his first in-person keynote address since taking office as Intel president in February, predicted on the 8th that semiconductors will account for more than 20% of the total bill of materials (BOM) of premium vehicles by 2030. This figure represents a fivefold increase from 4% in 2019, and comes amidst an overall increase in semiconductor demand.

Gelsinger CEO predicted that the total addressable market (TAM) of automotive semiconductors will reach $115 billion in 10 years, about double the current size, accounting for more than 11% of the entire semiconductor TAM. He said: “We will invest up to 80 billion euros over the next 10 years to build at least two fabs in Europe to serve the EU mobility industry.”

He then announced that Intel would secure dedicated foundry capacity at its Ireland fab and launch the 'Intel Foundry Services Accelerator' to enable automotive semiconductor designers to take advantage of advanced nodes.

CEO Pat Gelsinger also shared Intel's strategy for autonomous driving with Mobileye CEO Amnon Shashua. Shashua unveiled the company's first production Mobileye autonomous vehicle (AV), featuring the Mobileye Drive™ autonomous driving system and branded as the MoovitAV service.

He said, “Mobileye is committed to providing autonomous vehicles to consumers,” and “The new Mobileye AV, based on the Moovit AV service, is an important milestone on the road to a driverless world.” Starting next year, Mobileye plans to launch an autonomous ride-hailing service with Sixt SE in Munich, Germany. Commercial operation of driverless autonomous vehicle services became possible in Germany earlier this year.

Meanwhile, Jack Weast, Intel Fellow and Mobileye Vice President of Autonomous Driving Standards, discussed the recently completed Institute of Electrical and Electronics Engineers (IEEE) 2846 draft with Gelsinger. IEEE 2846, expected to be approved by the end of the year, will be the first autonomous vehicle safety standard to address "how safe is enough?"

“The IEEE 2846 standard will provide regulators with the essential tools they need to enable autonomous vehicles to operate on all roads,” said Vice President Wist.