Intel’s self-driving company Mobileye has filed for an IPO in the US.
Intel, a computer hardware design and manufacturing giant, has found a partner company to work on the self-driving technology; Mobileye. According to the Mobileye website, they’re trying to differentiate themselves in several key ways while hopefully appealing to investors at the same time. No schedule for the IPO has been released, according to Portal.
Intel Mobileye’s website states that they hope to differentiate themselves in several key areas; purpose-built hardware (courtesy of Intel), scalable design, mathematical security model, computer vision, lean compute driving policy, and innovative mapping. Essentially they want to leverage their Intel connection and make better hardware, implement better software and use new mapping technology to perform better than existing competitors.
Neither the company’s website nor its IPO filing reveal where the company is in the development process, but an IPO for such a significant brand should at least give cause for optimism. Portal expressly assumes that such an IPO could lead to other large companies also considering an IPO of their own.
Intel would enter a competitive “self-driving technology” market. Not only is Tesla working on a full self-driving model that they can hopefully ship to customers, but countless other automakers want to do the same. Other startups like Comma.ai have been implementing autonomous driving for years.
Where Intel could succeed is in licensing. Many manufacturers have yet to fully establish themselves in autonomous driving technology and could quickly make a leap in technical capabilities by partnering with Intel Mobileye. It’s unclear if the Intel team is already working with other automakers, but the possibility is there. And in an auto market where some automakers feel they are catching up, Mobileye could be a game changer.
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Intel Self Driving Unit files for IPO