When the chips fall: Intel preps for $16b Mobileye IPO

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 …

[Snowy]

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.

[NeilPost]

Re: In other news

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.