Intel’s Self-Driving Car Unit Mobileye Postpones its Planned U.S. IPO That Could Value the Company up to $50 Billion

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Intel’s Self-Driving Car Unit Mobileye Postpones its Planned U.S. IPO That Could Value the Company up to $50 Billion

Intel’s autonomous driving technology unit Mobileye has put its U.S. IPO plans on hold. With the current global market conditions, taking the company public in the upcoming months would not be beneficial, according to Mobileye founder and CEO Amnon Shashua. Intel purchased Mobileye for $15.3 billion in 2017 in its push into the automotive space.

Intel’s Self-Driving Car Unit Mobileye Postpones its Planned U.S. IPO That Could Value the Company up to $50 Billion

2022-07-12 11:04

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