Intel confidentially files Mobile Eye IPO

Stefan Mileschin · 9th March 2022, 07:24

Biggest flotation of the year

Intel self-driving car unit Mobileye confidentially filed for an initial public offering in the United States in what could be one of the biggest stock market flotations of the year.

The move to list Mobileye is part of Intel's broader strategy under Chief Executive Officer [Kicking] Pat Gelsinger to turn around its core business.

Intel wants to take advantage of the demand for autonomous vehicles by listing Mobileye's shares.

Technology powering driverless cars has been gaining traction even among legacy automakers such as Ford Motor, General Motors and Toyota Motor, which have been investing in models with features such as driver-assist and self-driving systems.

https://fudzilla.com/news/54491-inte...mobile-eye-ipo

9th March 2022, 07:24	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,769	Intel confidentially files Mobile Eye IPO Biggest flotation of the year Intel self-driving car unit Mobileye confidentially filed for an initial public offering in the United States in what could be one of the biggest stock market flotations of the year. The move to list Mobileye is part of Intel's broader strategy under Chief Executive Officer [Kicking] Pat Gelsinger to turn around its core business. Intel wants to take advantage of the demand for autonomous vehicles by listing Mobileye's shares. Technology powering driverless cars has been gaining traction even among legacy automakers such as Ford Motor, General Motors and Toyota Motor, which have been investing in models with features such as driver-assist and self-driving systems. https://fudzilla.com/news/54491-inte...mobile-eye-ipo

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