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Intel to list shares in self-driving car unit Mobileye - WSJ

Reuters2021-12-07

Dec 6 (Reuters) - Intel Corp is planning to publicly list shares in its self-driving-car unit Mobileye, which could value the unit at north of $50 billion ,the Wall Street Journal reported on Monday, citing people familiar with the matter.

However, there are no guarantees Intel will ultimately follow through with an offering, the report said adding that the announcement is expected as soon as this week.

Intel did not immediately respond to Reuters' request for comment outside regular business hours.

In 2017, Intel bought Israeli autonomous vehicle technology firm Mobileye for $15.3 billion.

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  • Inferno75
    ·2021-12-07
    Good
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  • xrhys
    ·2021-12-07
    👍
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  • InvestUncle
    ·2021-12-07
    Pls like
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  • Daniel03
    ·2021-12-07
    👍
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  • SnideWhistle
    ·2021-12-07
    Interesting 🧐 
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  • Humbly
    ·2021-12-07
    This will raise some cash for Intel to build chip plants and compete more effectively in the chip sector.
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  • jojoc
    ·2021-12-07
    Good
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    • eda
      yeah
      2021-12-07
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  • MuppyKoh
    ·2021-12-07
    Please like
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    • kino318
      done
      2021-12-07
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