Intel launches IPO of auto subsidiary Mobileye

Santa Clara The chip company Intel has officially launched the IPO of its robotic car subsidiary Mobileye. Mobileye published the stock exchange prospectus with the US supervisory authority SEC on Saturday night. Among other things, it follows that intel will retain control of the Israeli company even 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 for Mobileye a valuation of 30 billion dollars (about 30.6 billion euros) – less than originally targeted. The semiconductor giant bought the company in 2017 for a good $15 billion.

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.

More: Elon Musk unveils Optimus robot prototype

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