Intel to take Mobileye public

Intel to take Mobileye public

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

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