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Intel’s Self-Driving Car Unit Mobileye Files for IPO

An autonomous bus on the Mobileye stand during the IAA Munich Motor Show in Munich, in Sept. 2021.

An autonomous bus on the Mobileye stand during the IAA Munich Motor Show in Munich, in Sept. 2021.

Photographer: Krisztian Bocsi/Bloomberg

Intel Corp. said its Mobileye self-driving car business has filed confidentially for an initial public offering.

The chipmaker announced plans for an IPO of Mobileye late last year, signaling its intent to capitalize on an investment in a burgeoning industry. Intel has said it will remain the majority owner after the transaction.