Intel (NASDAQ:INTC) is apparently hiring investment banks as it prepares for an IPO of its Mobileye self-driving car unit.
Investor demand for companies working on self-driving technologies has been rising and Intel is looking to unlock some value from the division.
Intel could apparently be seeking a valuation of upwards of $50 billion for the unit.
|S&P 500 Return||-2%||-7%||99%|
|Trefis Multi-Strategy Portfolio||-1%||-9%||259%|
 Month-to-date and year-to-date as of 4/18/2022
 Cumulative total returns since the end of 2016