BlackBerry axes plan to separate IoT business

BlackBerry has scrapped its plan to split into two independent companies, including pursuing an initial public offering (IPO) for its IoT business unit. Instead, the Canadian tech giant has chosen to reorganise itself into two distinct internal divisions: one focusing on its cybersecurity strength, and the second on the IoT.

The decision comes after the completion of Project Imperium, a comprehensive review initiated by BlackBerry to chart a course for sustained growth and...

12 December 2023 | Enterprise

Intel’s self-driving firm Mobileye files for an IPO

Intel-owned self-driving firm Mobileye has filed for an IPO (Initial Public Offering).

Mobileye was acquired by Intel for $15.3 billion in 2017 and specialises in developing chips and software for autonomous driving and driver-assistance systems.

Intel reportedly expected Mobileye to be valued at $50 billion but is now anticipating somewhere around $30 billion due to global economic uncertainties.

Mobileye’s filing with the SEC highlights steady revenue...

3 October 2022 | Connected Vehicles