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.
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|S&P 500 Return||0%||0%||114%|
|Trefis MS Portfolio Return||-2%||-2%||285%|
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