Intel’s self-driving technology subsidiary Mobileye, has filed for an IPO nearly a year after Chipzilla said it wanted to do it.
The Israeli outfit generated 2021 revenue of $1.4 billion with a net loss of $75 million for that same period. In 2020, Mobileye revenue was $967 million with a net loss of $196 million.
Despite losing more cash than a UK mini-budget Reuters reported Mobileeye could be valued as high as $50 billion.
Mobileye said that as of this past July its solutions had been installed in approximately 800 vehicle models and its system-on-chip technology had been deployed in over 117 million vehicles.
