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What’s Brewing in the Semiconductor Industry?

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Part 11
What’s Brewing in the Semiconductor Industry? PART 11 OF 12

Intel: The Opportunity in Working with Waymo

Intel–Waymo relationship grows

Intel (INTC) has expanded its relationship with Waymo, the division of Alphabet (GOOGL) involved in autonomous driving programs. Under the expanded collaboration, Intel would continue to supply technology for Waymo’s trial self-driving cars. Waymo uses Fiat Chrysler’s (FCAU) Chrysler Pacifica minivans for its autonomous driving tests.

Intel provides sensor processing, connectivity, and general computing chips for the Chrysler Pacifica equipped with Waymo’s self-driving technology.

Intel’s announcement about expanding the relationship with Waymo also revealed that the companies have collaborated since 2009. In 2009, Waymo, then a unit of Google, began working on autonomous driving technology.

Intel: The Opportunity in Working with Waymo

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$126.8 billion in autonomous driving revenues

Because Waymo is viewed as a leader in the autonomous driving technology market, increasing its collaboration in this space could unlock expanded growth for Intel. Although estimates vary, autonomous driving is expected to grow to a multibillion-dollar market in the next decade.

According to Boston Consulting Group (or BCG), global sales of partially and fully autonomous vehicles could generate $42 billion in revenues by 2025. These sales could bring $77 billion in revenues by 2035, as illustrated in the chart above. 

Research and Markets forecast that the global market for autonomous vehicles could be worth $126.8 billion by 2027, growing at an average annual rate of 39.6% over the forecast period.

Race to autonomous driving

Aside from Waymo, other known Intel autonomous driving partner is German (EWG) automaker BMW. Tesla (TSLA), Ford (F), and General Motors (GM) are other automakers working on autonomous driving systems. In our view, the Waymo reputation could win Intel more autonomous driving customers.

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