Intel's self-driving technology unit Mobileye files for U.S. IPO
source link: https://nextbigwhat.com/intels-self-driving-technology-unit-mobileye-files-for-u-s-ipo/
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Intel’s self-driving technology unit Mobileye files for U.S. IPO
by about 8 hours ago149 Views
The move to list Mobileye on the Nasdaq is part of Intel’s broader strategy to turn around its core business. Intel acquired the company for $15.3 billion in 2017.
Mobileye’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.
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