The technological revolution in the automotive industry has brought ideas like self-driving vehicles, which seemed more like a figment of some tech guru's hyperactive imagination, close to reality. While the conventional Original Equipment Manufacturer (OEM) supply chain has been unsettled, enormous opportunities have emerged for automobile and technology companies which have become increasingly intertwined and are racing ahead to garner a bigger share of the fast-emerging high tech market.

Intel Corporation (INTC), the world’s largest chipmaker with its cloud and data center technology, 5G connectivity, in-vehicle computing and human machine interfaces, is on its way to become a dominant force in the software-defined automotive world.

This comes in the backdrop of Intel’s evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices. Intel’s massive restructuring program announced in April 2016 intends to make the company more efficient and profitable by focusing on high-growth potential areas and shift its priorities away from the slowing PC market segment.

By: DocMemory
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