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Intel plans to take Mobileye public.
The US semiconductor group Intel has announced plans to take its subsidiary Mobileye public. The leading manufacturer of driver assistance solutions and autonomous driving technologies, Mobileye, is expected to be listed on a US stock exchange starting mid-2022. However, Intel will remain the majority owner of Mobileye, it says. Both companies will continue to jointly develop innovative solutions for the automotive sector, it is further declared. The leadership team of Mobileye will also be retained, with Amnon Shashua as CEO. The recently acquired company Moovit, as well as the Intel teams working on the development of lidar and radar and other Mobileye projects, will be continued as part of the company.
The driving assistance specialist expects a 40 percent increase in revenue for 2021 compared to 2020, as well as 41 new deals with more than 30 leading automotive manufacturers worldwide. Recently, the provider had delivered the 100 millionth EyeQ system-on-chip, presented its series production robotaxi at the IAA Mobility 2021 in Munich, and expanded tests with autonomous vehicles in several cities in the USA, Europe, and Asia.
Translated automatically from German.
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