Home Business Intel announces Ipo Mobileye plan, an Israeli self-driving company. Boom of the INTC stock, rally of more than + 9%

Intel announces Ipo Mobileye plan, an Israeli self-driving company. Boom of the INTC stock, rally of more than + 9%

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Intel flies pre-market on Wall Street by more than 9%, after the American chipmaker giant announced plans to go public on Mobileye, the Israeli self-driving company it bought for $ 15.3 billion in 2017. .

Objective: to expand into other market segments.

Intel, which intends to launch an IPO operation through an offer of new Mobileye shares, has specified that it will remain the group’s main shareholder.

The Santa Clara giant, which saw its prices slide from $ 68 in April to less than $ 50 in December, stressed that Mobileye’s listing will create value for its shareholders.

Founded in 1999 in Jerusalem by Amnon Shashua and Ziv Aviram, Mobileye is one of the most successful hi-tech stories in Israel’s corporate world.

The group produces self-driving cars and advanced driver assistance systems for other industrial groups.

Over the years, he has collaborated with Tesla, BMW, Volvo and General Motors.

Last July, the company signed an agreement with Ford to provide support for the next generation of advanced safety systems included in the auto maker’s global production line.

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