Intel’s self-driving car unit Mobileye postpones its planned U.S. IPO that could value the company up to $50 billion
Chipmaker Intel Corp made headlines in March of 2017 when it acquired Isreal-based computer vision and autonomous driving technology developer Mobileye for $15.3 billion. For Intel, the purchase of Mobileye was a big opportunity for Intel to further advance into the automotive space as modern vehicles come packed with computer and related technology to support advanced driver assist systems (ADAS) and autonomous driving.