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

Intel’s Mobileye will launch a fully autonomous delivery service in 2023

Intel subsidiary Mobileye is partnering with autonomous vehicle manufacturer Udelv to launch a fully autonomous delivery service in 2023.

“Our deal with Udelv is significant for its size, scope and rapid deployment timeline, demonstrating our ability to deliver Mobileye Drive for commercial use now and in volume,” said Prof. Amnon Shashua, Mobileye president and CEO.

“COVID-19 has accelerated demand for autonomous goods delivery, and we are delighted to partner...

12 April 2021 | Connected Vehicles