Intel Corp.
said it has filed paperwork to take its Mobileye self-driving car unit public as the semiconductor giant tries to spark investor enthusiasm in its own shares and capitalize on growing demand for automated driving.
Intel last year said it was going to list Israel-based Mobileye, which it bought in 2017 for around $15 billion. People familiar with the matter have said the unit could fetch a valuation above $50 billion.
Pat Gelsinger,
who became the chip company’s chief executive last year, has been trying to remake Intel through steps such as investing in new chip-making factories and bolstering its engineering team. Intel last month agreed to buy Israeli chip company
Tower Semiconductor Ltd.
for…
