Intel’s self-driving firm Mobileye files for an IPO
Intel-owned self-driving firm Mobileye has filed for an IPO (Initial Public Offering).
Mobileye was acquired by Intel for $15.3 billion in 2017 and specialises in developing chips and software for autonomous driving and driver-assistance systems.
Intel reportedly expected Mobileye to be valued at $50 billion but is now anticipating somewhere around $30 billion due to global economic uncertainties.
Mobileye’s filing with the SEC highlights steady revenue...