Intel Corp.’s self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports.
The IPO could value the Israeli unit at over $50 billion.
Intel’s Autonomous Car Driving Unit Confidentially Files for US IPO
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Israeli Prime Minister Benjamin Netanyahu boards an autonomous vehicle during a cornerstone ceremony for the Mobileye campus in Har Hahotzvim, northwest of Jerusalem on Aug. 27, 2019. Abir Sultan/AFP via Getty Images
By Benzinga
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