Intel Files To Take Self-Driving Mobileye Unit Public
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As Intel races to reorient its business around semiconductor chip-making production, CEO Pat Gelsinger has promised to keep the company's eye on the proverbial business road ahead.
In doing so, Intel has decided to separate Mobileye, its self-driving car unit that promises to help drivers take their eyes off the literal road. On Monday, the multinational tech company confidentially filed to take Mobileye public – and, according to reporting from The Wall Street Journal, its valuation could reach as high as $50 billion.
Source Fool.com
