According to the semiconductor research company IC Insights, the global MCU revenue in 2022 will reach US$21.5 billion and the growth of automotive MCUs will outpace the growth of other MCU applications. The automotive industry has also seen an increase in the demand for better smart driving and improved safety which also increased the popularity of RISC-V architecture-based chips. The RISC-V Taiwan Alliance stated that the use of RISC-V based processor IP in smart and automotive electronic system solutions has grown dramatically in the year 2022.
Large companies around the world from international giants such as Intel and Renesas to Taiwanese CPU manufacturers such as Andes Technology have introduced CPU IP or MCU chips based on RISC-V architecture for their smart and electric vehicle (EV) systems. Many manufacturers today have adopted RISC-V architecture to design MCU chips with high frequency, high performance, and low power consumption for smart and electric vehicles.