Company Of The Day: Intel
Intel (NASDAQ:INTC) said that its Mobileye autonomous driving segment secured new deals with Ford (NYSE:F), Volkswagen, and China’s Geely. The Geely partnership will focus on Level 4 autonomy, which will allow cars to be able to drive themselves in most circumstances.
The deals are encouraging considering that Intel is looking to spin off Mobileye, with an IPO likely to happen sometime this year. The Mobileye business is estimated to be worth as much as $50 billion.
See Our Complete Analysis For Intel
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|S&P 500 Return||0%||0%||114%|
|Trefis MS Portfolio Return||-2%||-2%||285%|
 Month-to-date and year-to-date as of 1/5/2022
 Cumulative total returns since the end of 2016