In other news
Self-driving tech startup values crash 81% in 2 years, they are going to be lucky to get as much as $16 billion that is only down 68% of the $50 billion.
Intel expects the initial public offering of its Mobileye business unit to muster a valuation of $16 billion, a fraction of the nearly $50 billion figure the autonomous driving division was expected to fetch earlier this year. According to an SEC filing [PDF] Tuesday, Intel will offer 41 million shares of common stock priced …
Like anything else they bought when offloading it, it will be at a huge loss.
Intel will be stuck in a debt fuelled stagflation spiral soon with commitments slapped on the table and a lack of money to pay for it.
Smells like they will have a Kodak moment within 20 years, courtesy of Gelsinger.