Intel has been banking on the Mobileye spinoff to fund its manufacturing expansion, but ‘market conditions’ and Mobileye’s strained ADAS alliances could blow a hole in those plans.
Intel CEO Pat Gelsinger (right) and Professor Amnon Shashua, Intel senior vice president and president and CEO of Mobileye, talk at Mobileye’s headquarters in Israel in 2021. (Credit: Mobileye, an Intel Company)
Intel Corp. is reportedly postponing its plan to take driver-assist developer Mobileye public. The IPO could still happen in 2022, but the chip giant isn’t saying when — and the uncertainty over Mobileye’s immediate future might delay Intel’s ambitious semiconductor manufacturing expansion plan, dubbed IDM 2.0.