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Intel’s Mobileye unit files for IPO

By
Stephen Nellis
· · Source: The Information

Intel Corp’s Mobileye unit filed draft paperwork for an initial public offering of its shares on Monday. Intel said in December that it plans to list shares of the Israel-based autonomous driving unit to help raise cash to build chip factories. Mobileye, which Intel acquired in 2017 for $15.3 billion, could be valued at as much as $50 billion, the Wall Street Journal reported in December ....

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