Company of The Day: Intel

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Upside
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Market
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Trefis
INTC: Intel logo
INTC
Intel

What?

Intel (NASDAQ:INTC) is apparently hiring investment banks as it prepares for an IPO of its Mobileye self-driving car unit.

Why?

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Investor demand for companies working on self-driving technologies has been rising and Intel is looking to unlock some value from the division.

So What?

Intel could apparently be seeking a valuation of upwards of $50 billion for the unit.

See Our Complete Analysis For Intel

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 Returns Apr 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
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[1] Month-to-date and year-to-date as of 4/18/2022
[2] Cumulative total returns since the end of 2016

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