7 Dec 21
News

Intel announces IPO for Mobileye

Mobileye's fleet of robotaxis in Israel

Intel has today announced its intention to take its subsidiary Mobileye public in the United States in 2022.

Mobileye, a maker of advanced driver-assistance systems (ADAS) and self-driving solutions, initially went public in 2014 and was acquired - lock, stock and barrel - by Intel in 2017.

Intel wants to retain control

This time, an initial public offering will create a separate publicly traded company. Intel will remain the majority shareholder and the two companies will continue their strategic partnership. Mobileye’s executive team will also remain in place with Prof. Amnon Shashua at the helm.

Mobileye is expecting to deliver over 40% more revenue in 2021, compared to 2020 and supplies more than 30 different automakers worldwide. It recently shipped its 100 millionth EyeQ® system-on-chip, unveiled its production robotaxi, and scaled its autonomous vehicle testing across multiple cities around the world covering the U.S., Europe and Asia.

Image of Mobileye's fleet of robotaxis in Israel, courtesy of Mobileye, an Intel company.

Authored by: Alison Pittaway