Will Intel's Mobileye IPO drive further fab funding?
Intel has filed for an IPO for its Mobileye automotive biz following earlier delays, but it is not clear what value the chip giant expects to get from the flotation of the vehicle tech outfit it acquired in 2017.with the US Securities and Exchange Commission at the end of last week for an IPO of shares of its Class A common stock.
Mobileye specializes in hardware and software intended to drive autonomous vehicles. Intel bought the company for $15 billion, a move said at the time to be a third more than what the company was actually worth.announcement today, investment banks Goldman Sachs Group and Morgan Stanley have been selected as lead underwriters for the public offering.
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