Intel launches IPO of auto subsidiary Mobileye

Dhe American chip group Intel has announced the IPO of its robot car subsidiary Mobileye officially launched. Mobileye published the stock exchange prospectus at the American financial supervisory authority SEC on Saturday night. Among other things, this shows that Intel will retain control of the Israeli company after the share placement.

Information on the volume of the IPO was not yet available. According to the latest information from the financial service Bloomberg intel Mobileye is valuing $30 billion, down from its original target. The semiconductor group bought Mobileye in 2017 for a good 15 billion dollars.

Mobileye is in the driver assistance technology business with many major manufacturers and has equipped over 117 million vehicles to date. The company has also been developing technology for autonomous driving for years and wants to start robotaxi services.

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