Automotive silicon is not really the growth industry that tech investors look for. A quick look at Intel's competitor: NV's quarterly results shows that their data center business is about 90% of their revenue, gaming about 5-6% and automotive is 1.5%.
It's a tiny part of the business for most of these silicon vendors (it was the case for Freescale and TI too). But the margins on automotive are great, and the long term commitments are great too. Basically you get paid every year to warehouse spare components by contract. When the contract ends, the buyer can option to buy out the inventory at a already negotiated price. Or the silicon vendor keeps the components and sells them for pennies on the dollar (Mouser, Digikey, Jameco, etc pick these industrial parts up). Sometimes the silicon vendor is able to write these sales as a loss even though they totally made many times over that to warehouse it, depending on how the accounting for depreciation worked out for them. (there are pros and cons to depreciating too early - I'm not a tax specialists)
It's a solid business, but making car parts is generally not a growth industry, you get a steady income and somewhat recession-proof too. Manufacturers might want to put your camera systems and AI inference into cars, but they don't make a ton of those kinds of decked out cars. And the components are fairly reliable and aren't replaced frequently and almost never upgraded.
Long term, I think a smaller vendor working in China or Taiwan can make all the chips that all the cars in the world need. But car manufactures would have to take on the R&D side so they can fully specify what they want their chips to do for the next 5, 10, and 15 years. If multiple car makers can get together on standardizing some of the digital components and commoditize these parts, then they could save a ton of money and have parts that really are available for decades. But honestly fat chance in that happening.
Car companies are so risk adverse they won't take the problem on. Recently Ford James Fley, Jr is taking flack for pushing ahead with Ford's EV battery plant. Investors and some of the upper management act like it's this big risky thing. While us regular people see it as obvious. You need control of the most expensive component in your EV line up. You can't let your competitors control a part of your supply chain that carries such a significant impact on your manufacturing cost. But in typical backwards automotive industry thinking, getting involved in something that isn't a 50 to 100 year old practice is considered risky. Serious buggy whip maker mentality in the car industry.