Intel Is Taking Mobileye Unit Public
10 Dezember 2021 - 03:01PM
TipRanks
The Wall Street Journal reported on December 7 that Intel
Corporation (INTC) is planning to take its self-driving car unit
Mobileye public by the middle of the next year, and Intel's stock
jumped 8% when the news was released. Mobileye's IPO aims to raise
the company's profile in the automotive industry and gain new
customers. Mobileye has grown faster than Intel since its
acquisition in 2017, however, the business has been overlooked as
one of Intel's subsidiaries. Intel will keep a majority share in
Mobileye following the IPO and collect most of the proceeds from
the IPO. I am neutral on the stock.
https://www.tipranks.com/news/article/intel-is-taking-mobileye-unit-public?utm_source=advfn.com&utm_medium=referral
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