Intel Corporation (NASDAQ: INTC) shares are trading higher Tuesday morning after the company announced its intention to take Mobileye public in the U.S. in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock.
Intel Corp (NASDAQ: INTC) is trading higher Tuesday morning after the company announced its intention to take Mobileye public in the United States in mid-2022 via an initial public offering of newly issued Mobileye stock.
Intel Corporation (NASDAQ: INTC) shares traded 9% higher at $55.66 in the pre-market session on Tuesday after the company announced it is looking to take its driver assistance and autonomous driving solutions subsidiary Mobileye public some time during the coming year.&n
Initial public offering builds on Mobileye's revenue growth and record of innovation and unlocks value for Intel shareholders.
NEWS HIGHLIGHTS
Mobileye is a market leader in driver-assistance and autonomous driving solutions. It expects to deliver over 40% more revenue in 2021 compared with 2020, along with a record 41 new program wins with more than 30 leading automakers worldwide.
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