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Intel to launch Mobileye self-driving car unit IPO in 2022

Intel Corporation
INTC,
+ 3.53%

is planning to go public with its self-driving car unit Mobileye, the latest move by CEO Pat Gelsinger to revive the semiconductor giant’s fortunes.

Intel said it will bring the unit to the public in the US in mid-2022 through a new Mobileye initial public offering. The move, previously reported by The Wall Street Journal, could value Mobileye at $50 billion north, according to people familiar with the matter.

https://www.marketwatch.com/story/intel-to-list-shares-of-its-mobileye-self-driving-car-unit-11638837213?rss=1&siteid=rss Intel to launch Mobileye self-driving car unit IPO in 2022

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