Intel announced that it will hold an initial public offering (IPO) for Mobileye in the US sometime around the middle of next year.
The automated vehicle technology company originally became a publicly traded entity in 2014 before being acquired by Intel in 2017 for $15.3 billion. Intel, which currently owns 100% of Mobileye, will remain the majority shareholder in the company following its IPO.
It plans to continue co-developing solutions for the automotive industry alongside it in the role of a strategic partner. The new entity will include all of Mobileye’s assets, portions of the recently acquired Moovit, and Intel teams working on lidar and radar development.
Read More: zdnet