Intel to take its Mobileye unit public in 2022 IPO


Mobileye's CEO Amnon Shashua poses with a Mobileye driverless vehicle at the Nasdaq Market site in New York, U.S., July 20, 2021. - Reuters

NEW YORK: Intel Corp plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalise on its investment in a burgeoning industry.

Intel will remain the majority owner after the transaction, which involves an initial public offering (IPO) of newly issued Mobileye stock, the company said in a statement.

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Intel , Mobileye , IPO , listing , Amnon Shashua , Pat Gelsinger ,

   

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