• Intel announced that Mobileye (its subsidiary developing self-driving technology) has confidentially filed for an initial public offering (IPO) with the US Securities Exchange Commission (SEC). The deal could potentially value Mobileye at USD 50+ billion. The IPO, subject to market and other conditions, is expected to occur once the SEC completes its review process.

<ul><li>Intel did not disclose the number of shares to be offered or the prices, but, previously, in December, when the company announced its intentions to take Mobileye public, it mentioned its plans to remain the majority stakeholder of Mobileye and continue as a strategic partner.</ul>

• Israel-based Mobileye offers vision-based driver assistance systems to prevent and mitigate collisions. Its systems provide forward-collision warnings, lane departure warnings, pedestrian and cyclist collision warnings, hardware monitoring and alerts, and speed limit indications for vehicles including trucks.

Analyst QuickTake: Intel acquired then publicly listed Mobileye in March 2017 (delisted thereafter) for USD 15.3 billion to develop self-driving technology for automotive companies. Mobileye originally debuted on the Nasdaq in 2014 at a USD 5.31 billion valuation.