The move to list Mobileye on the New York Stock Exchange is part of Intel's broader strategy to turn around its core business.
Mobileye, an Intel-owned company that makes key processors for self-driving cars, has filed for an IPO, according to an SEC filing on Friday.
Mobileye's CEO Amnon Shashua poses with a Mobileye driverless vehicle at the Nasdaq Market site in New York, July 20, 2021.Mobileye, an Intel-owned company that makes chips, maps, and software for self-driving cars, has filed for an IPO, according to aMobileye's filling indicates strong revenue growth for the Israeli-based subsidiary, from $879 million in sales in 2019, to $967 million in 2020, to $1.39 billion last year.
Intel previously said that it would use some funds from the Mobileye listing to build more chip factories as it embarks on a capital-intensive process to become a foundry for other chipmakers.
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