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The Mobileye executive team will remain, with Prof. The share of semiconductors is expected to be 20% of a premium vehicle’s total bill-of-materials (BOM) by 2030 1. Intel will remain the majority owner of Mobileye, and the two companies will continue as strategic partners, collaborating on projects as they pursue the growth of computing in the automotive sector. The move will unlock the value of Mobileye for Intel shareholders by creating a separate publicly traded company and will build on Mobileye’s successful track record and serve its expanded market.
CITY CAR DRIVING ACTIVATION EY FULL
6, 2021 – With the full support of Intel’s board of directors, Intel today announced its intention to take Mobileye public in the United States in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. Amnon Shashua and the Mobileye executive team will remain at Mobileye.
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Intel and Mobileye will continue co-development of solutions and technologies to further both companies’ interests in the automotive tech market.Intel will maintain majority ownership of Mobileye.Mobileye recently shipped its 100 millionth EyeQ® system-on-chip, unveiled its production robotaxi, and scaled its autonomous vehicle testing across multiple cities around the world covering the U.S., Europe and Asia.It expects to deliver over 40% more revenue in 2021 compared with 2020, along with a record 41 new program wins with more than 30 leading automakers worldwide. Mobileye is a market leader in driver-assistance and autonomous driving solutions.