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Intel to Take Self-Driving Tech Company Mobileye Public

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Intel plans to take Mobileye public in the U.S. in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. Intel will remain the majority owner of Mobileye, and the two companies will continue as strategic partners, collaborating on projects as they pursue the growth of computing in the automotive sector. According to Intel, making Mobileye an independent and publicly traded company will add value for Intel shareholders. Intel acquired Mobileye in March 2017, three years after Mobileye completed its IPO. A self-driving vehicle from Mobileye’s autonomous fleet...Read full article

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    Published: December 2021
    BusinessIntelMobileyepublicpublicly tradedstockownershipAutonomous drivingself-drivingsemiconductorsIPOshareSharesAmericasIsraelIndustry News

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