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The Wall Street Publication > Blog > Markets > Intel to List Shares in Mobileye Unit
Markets

Intel to List Shares in Mobileye Unit

Editorial Board Published December 7, 2021
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Intel to List Shares in Mobileye Unit
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Intel Corp. is planning to publicly list shares in its Mobileye self-driving-car unit, the latest move by Chief Executive Pat Gelsinger to revive the semiconductor giant’s fortunes.

Intel said it would take the unit public in the U.S. in mid-2022 through an initial public offering of new Mobileye stock. The move, earlier reported by The Wall Street Journal, could value Mobileye at north of $50 billion, according to people familiar with the matter.

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