Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Anusuya Lahiri

Intel's Autonomous Car Driving Unit Confidentially Files For US IPO

Intel Corporation Mobileye INTC NVDA Nvidia Corp Patrick Gelsinger QCOM Qualcomm Inc United States

Intel Corp's (NASDAQ:INTC) self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports.
The IPO could value the Israeli unit at over $50 billion.
Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp (NASDAQ:NVDA) and Qualcomm Inc (NASDAQ:QCOM) in developing driverless systems for automakers.
Intel CEO Pat Gelsinger has been under pressure from activist investors to consider spinning off its chip manufacturing operations.
Price Action: INTC shares traded lower by 0.51% at $47.83 on the last check Monday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Increasing number of inmates with weapons at London prison home to 136 gangs

Increasing number of inmates with weapons at London prison home to 136 gangs

The growing number of weapons being found at a London prison with 136 gangs is at risk of triggering a “self-reinforcing trend” with more young inmates arming themselves for protection, a watchdog warned on Wednesday.

Evening Standard

Film director Mohammad Rasoulof leaves Iran for Europe ahead of Cannes premiere

Film director Mohammad Rasoulof leaves Iran for Europe ahead of Cannes premiere

Filmmaker Mohammad Rasoulof said he fled Iran after being sentenced to prison on national security charges and is in Europe ahead of the screening of his new film at the Cannes Film Festival, where he may attend the premiere.

Radio France Internationale

Protests at French prisons as search continues for gunmen who killed officers

Protests at French prisons as search continues for gunmen who killed officers

Prison officers complain of overcrowding and violence after two guards killed and inmate freed from van

The Guardian - UK

'Killer cyclists' crackdown planned after elderly woman's death in Regent's Park, minister says

'Killer cyclists' crackdown planned after elderly woman's death in Regent's Park, minister says

MPs have been calling for a new offence to update an 1861 law covering horse-drawn carriages

Evening Standard

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Record number of food bank handouts in London last year - up 171% in five years

Record number of food bank handouts in London last year - up 171% in five years

A record number of emergency food parcels were handed out in London in the past year, statistics from the Trussell Trust show.

Evening Standard

Sex education rules: 'I don't want my children exposed to inappropriate content,' says minister Chris Philp

Sex education rules: 'I don't want my children exposed to inappropriate content,' says minister Chris Philp

Schools will be told not to teach children any form of sex education until year 5, when pupils are aged nine, according to newspaper reports

Evening Standard

Related Stories

Top stories on inkl right now

Increasing number of inmates with weapons at London prison home to 136 gangs

Increasing number of inmates with weapons at London prison home to 136 gangs

The growing number of weapons being found at a London prison with 136 gangs is at risk of triggering a “self-reinforcing trend” with more young inmates arming themselves for protection, a watchdog warned on Wednesday.

Evening Standard

Film director Mohammad Rasoulof leaves Iran for Europe ahead of Cannes premiere

Film director Mohammad Rasoulof leaves Iran for Europe ahead of Cannes premiere

Filmmaker Mohammad Rasoulof said he fled Iran after being sentenced to prison on national security charges and is in Europe ahead of the screening of his new film at the Cannes Film Festival, where he may attend the premiere.

Radio France Internationale

Protests at French prisons as search continues for gunmen who killed officers

Protests at French prisons as search continues for gunmen who killed officers

Prison officers complain of overcrowding and violence after two guards killed and inmate freed from van

The Guardian - UK

'Killer cyclists' crackdown planned after elderly woman's death in Regent's Park, minister says

'Killer cyclists' crackdown planned after elderly woman's death in Regent's Park, minister says

MPs have been calling for a new offence to update an 1861 law covering horse-drawn carriages

Evening Standard

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Record number of food bank handouts in London last year - up 171% in five years

Record number of food bank handouts in London last year - up 171% in five years

A record number of emergency food parcels were handed out in London in the past year, statistics from the Trussell Trust show.

Evening Standard

Sex education rules: 'I don't want my children exposed to inappropriate content,' says minister Chris Philp

Sex education rules: 'I don't want my children exposed to inappropriate content,' says minister Chris Philp

Schools will be told not to teach children any form of sex education until year 5, when pupils are aged nine, according to newspaper reports

Evening Standard

Our Picks

Mean Business: 'Roast of Tom Brady' Boasts Nasty Numbers -- Netflix Weekly Rankings for May 6-12

Watching a handsome Hall-of-Fame quarterback get absolutely humiliated by insult comics produced one of subscription streaming's biggest audiences last week

Broadcasting & Cable

NBC celebrates 10 years of Jimmy Fallon's The Tonight Show with special tonight, May 14

The two-hour special looks back at some classic moments from Jimmy Fallon's The Tonight Show, showing clips of iconic guests, sketches and music performers.

Nicolas Cage is reprising his role as Spider-Man Noir, this time in a live-action series adapted by Prime Video

The Spider-Verse star's Spidey senses were tingling...

Taylor Swift has filed a trademark for 'Female Rage The Musical' - here's what it means

She has dozens of trademarks already

Taylor Swift files trademark for 'Female Rage: The Musical' as Eras Tour continues

The phrase harks back to a line the singer used during her show in Paris last week

Evening Standard

The Witcher star says she's relieved the show is ending after season 5

Freya Allan admits she initially found the thought of doing two more seasons of the hit Netflix show "a challenge"

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play