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Intel Information to Take Self-Driving Unit Mobileye Public

Intel Information to Take Self-Driving Unit Mobileye Public

Intel Corp. mentioned it has filed paperwork to take its Mobileye self-driving automotive unit public because the semiconductor large tries to spark investor enthusiasm in its personal shares and capitalize on rising demand for automated driving.

Intel final 12 months mentioned it was going to listing Israel-based Mobileye, which it purchased in 2017 for round $15 billion. Individuals acquainted with the matter have mentioned the unit might fetch a valuation above $50 billion.

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