With big capital commitments for new foundries coming down the pike, Intel (INTC) is likely looking to free up resources by spinning off Mobileye.
The chip giant said Tuesday it would float Mobileye onto public markets. Industry experts peg the valuation on Mobileye north of $50 billion given its lead in autonomous driving technology and key deals inked with the likes of Ford and Geely. Mobileye also has attractive financials (the company has hauled in north of $442 million in operating…
Source link
