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The Wall Street Journal: Intel to list shares of its Mobileye self-driving-car unit

December 07
06:52 2021

Intel Corp. INTC, +3.53%  is planning to publicly list shares in its Mobileye self-driving-car unit, according to people familiar with the matter, the latest move by Chief Executive Pat Gelsinger to revive the semiconductor giant’s fortunes.

The company is expected to announce the move, which could value Mobileye at north of $ 50 billion, as soon as this week, the people said.

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