The browser version you are using is not recommended for this site.Please consider upgrading to the latest version of your browser by clicking one of the following links. Mobileye is thought to be worth around $16 billion, having dropped its valuation from a previous $50 billion estimate. Get this delivered to your inbox, and more info about our products and services. The Mobileye unit is eying an over $50 billion valuation in its anticipated 2022 IPO. [42], In February 2021, Mobileye, Transdev Autonomous Transport System (ATS) and Lohr Group formed a partnership to develop and deploy autonomous shuttles,[43] and in April Mobileye announced a partnership with Udelv on the company's electric self-driving delivery vehicle, called "Transporter", with the goal to begin commercial operations in 2023. Mobileyes use of equipment that is standard across the industry leaves the company little room to develop a competitive edge that would enable it to achieve the margins required to meet the expectations embedded in the midpoint of its targeted IPO price of $19/share. When a stock reaches the . Intel will continue to support Mobileye with technical resources to deliver industry-leading sensor technologies, while Mobileyes strength in the automotive sector will continue to enable Intel to address the automotive sectors fast-growing silicon BOM opportunity. The less-technologically-advanced driver-assist market in which Mobileye currently competes presents a picture of what the future of the self-driving industry will eventually become. I estimate economic earnings over the TTM by assuming TTM NOPAT is -$92 million and invested capital over the TTM is unchanged from 2021. and can be contacted by calling 1-800-736-3001 option 1 (US) and 1-781-575-3100 option 1 (non-US), or emailing. What makes the case interesting is that Riad was in a 2016 Tesla Model S, and he wasnt exactly drivinginstead, he had engaged Teslas semi-autonomous Autopilot feature. Similarly, Mobileye, along with the rest of the self-driving industry, incorporates chips, cameras, radar, and lidar to support self-driving systems. WATCH: Intel plans to cut thousands of jobs amid PC slowdown. In the driver-assist segment, Mobileyes EyeQ system on chips (SoCs), which accounts for 94% of revenue in 2021, is now behind the SoCs offered from larger chip designers. December 6, 2021 Contact Intel PR More Mobileye/Automotive News Professor Amnon Shashua, Intel senior vice president and president and CEO of Mobileye, stands with a self-driving vehicle from Mobileye's autonomous test fleet, during an event at Nasdaq in New York City in 2021. The company reportedly aiming to launch driverless vehicles in the U.S. in 2023. [4][5] Mobileye was acquired by Intel in 2017 and went public again in 2022. International News, [32] In 2016, Mobileye and Delphi formed a partnership to develop a near-complete autonomous driving system by 2019. Mobileye went public in 2014; it was acquired by Intel in 2017. [23][24], Mobileye demonstrated an autonomous car equipped only with cameras on the streets of Jerusalem in January 2020,[25] later testing the cars in Munich[26] and New York City. MBLY stock is expected to trade between $18 and $20 per share. [66] Geely's Zeekr electric vehicle is equipped with the Mobileye SuperVision ADAS and began road trials in 2021. The Israel-based . Electric vehicle (EV) stocks are in high demand, and ravenous investor appetite helps explain why Intel Corporation (INTC) is choosing this moment to IPO its Israeli autonomous vehicle subsidiary, Mobileye. *Full-year 2017 revenue is not available. Then theres the wild popularity of environment, social, governance (ESG) investing, which should greatly benefit companies like Mobileye. Opinions expressed by Forbes Contributors are their own. On the contrary, Intel is laser-focused on allocating all of its capital to expand its chip manufacturing capabilities. 2023 CNBC LLC. No doubt, the self-driving industry will have immense value, which contributes to the bull thesis for any self-driving company. [40][41] The same year, Intel announced that it had acquired Moovit, a mobility-as-a-service (MaaS) company, to enhance Mobileye's MaaS offering. See Intels Global Human Rights Principles. [64], SuperVision uses EyeQ5 SoC devices processing data from 11 cameras. The companys clients include BMW AG, Audi AG, Volkswagen AG, Nissan Motor Co. Ltd., Honda Motor Co. Ltd. and General Motors Co. Coming into its IPO, Mobileye had $879 million in sales in 2019, $967 million in 2020 and $1.39 billion last year. You can also try the quick links below to see results for most popular searches. I estimate NOPAT over the TTM by using Mobileyes reported operating loss in 1H22 and 1H21. The stock, trading under the ticker MBLY, rose to $27.85 on Wednesday. How much is Mobileye worth? Mobileye is worth just $4/share today a 79% downside to the midpoint targeted IPO valuation. Mar. Another company recently provided a possible positive read-through for its full-year results. On October 26, 2022, Mobileye (MBLY) is expected to go public. The browser version you are using is not recommended for this site.Please consider upgrading to the latest version of your browser by clicking one of the following links. One of the first vehicles to use this technology was the fifth-generation BMW 7 Series. Mobileye stock began trading under the ticker symbol MBLY.. Per Figure 1, Mobileyes year-over-year (YoY) revenue growth fell from 102% in 2013 to just 21% in 1H22. Intel and Mobileye will continue co-development of solutions and technologies to further both companies interests in the automotive tech market. [73], Responsibility-Sensitive Safety Model (RSS), "Mobileye Global Inc. 2022 Annual Report (Form 10-K)", "Intel Will Take its Mobileye Automotive Unit Public in 2022", "Intel to Take Self-Driving Car Unit Mobileye Public", "Intel's $15 billion purchase of Mobileye shakes up driverless car sector", "Intel completes $15.3b acquisition of Mobileye", "Amnon Shashua: Executive Profile & Biography - Businessweek", "At High Speed, On the Road to a Driverless Future", "Israeli Startup Mobileye Selling 25% Stake for $400M to Group of Blue-chip Investors", "Mobileye, a Maker of Automated Driving Systems, Raises $400 Million", "Mobileye Raises $890 Million as Largest Israeli IPO in the US", "Mobileye Caps Wild Ride On Stock Market With $15.3 Billion Acquisition", "7 Things You Didn't Know About Mobileye", "Intel Unveils Model for Safe Driverless Cars", "Mobileye's Mathematical Approach is the Key to Autonomous Vehicle Revolution, Says Chief Technology Officer", "Intel buys driverless car technology firm Mobileye", " TheMarker: -15.3 ", "Two Israelis accused of Mobileye insider trading", "Israeli professor settles Mobileye insider trading case in U.S.", "Volkswagen, Intel, and Mobileye will launch a self-driving taxi service in Israel in 2019", "Volkswagen, Mobileye and Champion Motors to Invest in Israel and Deploy First Autonomous EV Ride-Hailing Service Intel Newsroom", "Watch Mobileye's self-driving car drive through Jerusalem using only cameras", "Mobileye's autonomous cars use cameras to navigate freeways in Munich", "Intel's Mobileye takes its autonomous vehicle testing program to New York City", "Intel will take its Mobileye automotive unit public in 2022", "Intel Prices Widely Anticipated IPO for Self-Driving Car Unit Mobileye", "Mobileye Global Prices IPO Above Range to Raise $861 Million", "Advanced Lane Departure Warning Debuts in Select 2008 GM Cars", "Mobileye EyeQ1 SoC powers Continental camera for BMW 7 Series", "Delphi and Mobileye are teaming up to build a self-driving system by 2019", "Nissan and Mobileye are teaming up on ProPilot 2.0", "Mobileye's Partnerships with BMW, Ford, NIO, Nissan, Volkswagen & WILLER", "How Ford cars are getting closer to driving with Intel's Mobileye", "Mobileye Wants to teach Your Robotic Car to Merge in Heavy Boston Traffic", "Mobileye & WILLER Partner for Robotaxis in Japan", "Mobileye teams with WILLER to bring robotaxis to Japan", "China's Geely to install Mobileye autonomous driving tech in future vehicles", "Mobileye signs driver-assistance deal with Geely, one of China's largest privately held auto makers", "Intel acquires transit data startup Moovit for $900 million", "Mobileye, Transdev, Lohr partner on autonomous shuttles", "Intel's Mobileye teams with Udelv to launch 35,000 driverless delivery vehicles by 2028", "ZF and Mobileye safety technology chosen by Toyota", "Mobileye, ZF team on advanced safety systems for Toyota", "Now, cars can have sensors to alert possible collisions", "Porsche and Mobileye launch SuperVision collaboration | Mobileye Blog", "In the wake of a fatal crash, Tesla will quit using Mobileye's chips for Autopilot vision", "Mobileye Is Ending Its Relationship With Tesla on Future Self-Driving Car Tech", "tesla and Mobileye disagree on lack of emergency braking in deadly Autopilot crash", "Mobileye says Tesla was 'pushing the envelope in terms of safety', Tesla and Mobileye disagree on lack of emergency braking in deadly Autopilot crash, "Mobileye's EyeQ soc will be able to support fully autonomous (Level 5) vehicles", "Intel is taking its self-driving company Mobileye public in 2022", "Mobileye expands Ford partnership to power driver-assist features", "Mobileye announces autonomous vehicle pilot programs in Tokyo, Shanghai and Paris", "Can Mobileye Validate 'True Redundancy'? the electric carmaker Tesla introduced in 2015, testing various self-driving car prototypes in major cities. Per Figure 3, Mobileyes top three customers (ZF Friedrichshafen, Valeo, and Aptiv) accounted for 73% of Mobileyes revenue in 1H22, up from 62% in 2019. Intel viewed Mobileye as a passive investment and never invested additional capital into the business. Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. on Mobileye's track record for innovation," going on to . A final decision on the IPO and its conditions and ultimate timing is pending and subject to market conditions. [59], RSS, or the Responsibility-Sensitive Safety Model, is a mathematical model first proposed by Mobileye in 2017 for AV safety. Earlier this month, though, the expected valuation reportedly declined in a big way. Given increased competition, a history of unprofitability, and an undifferentiated product offering, I expect investors will lose money in this IPO at $19/share. Why Are Telecom Stocks T, VZ, TMUS Down Today? A bull and a bear share their tips on how to invest. Inspired by Moores Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers greatest challenges. Investors should be aware that investing in Mobileyes IPO provides little to no say over corporate governance. / MBLY Stock IPO: When Does Mobileye Go Public? Intel, as majority shareholder, will continue to fully consolidate Mobileye. [70] Mobileye Drive was first fitted to vehicles used for driverless, ride-hailing services in 2021, with plans for public testing in Germany and Israel in 2022. Earlier this month, though, the expected. Mobileye develops technology that powers camera systems used by autonomous and semi-autonomous vehicles. Amnon and I determined that an IPO provides the best opportunity to build on Mobileyes track record for innovation and unlock value for shareholders.. A company that was expected to have a valuation of $50 billion going public at $17 billion would, in most years, be perceived as a negative, but 2022 isnt most years. Intel's self-driving tech company 'Mobileye' surges in trading debut. He lives in Dripping Springs, TX with his wife and kids and welcomes bbq tips. The company has also secured multiple deals for mobility-as-a-service (MaaS) programs starting in 2023, as well as consumer and business-to-business vehicle production designs for Mobileyes self-driving system starting in 2024. // No product or component can be absolutely secure. Shares are expected to change hands for between $18 and $20 per share. While the company hopes to improve its top-line growth and margins as the self-driving market expands, Mobileye will continue to face competitors with superior technology and greater financial resources, which will make achieving massive revenue growth and significant margin improvement very difficult. This is a BETA experience. Copyright Shares of self-driving car technology company Mobileye climbed in their first day of trading on Wednesday after Intel sold stock to the public. Figure 5: Mobileye Revenue & NOPAT: 2016 TTM, *Data unavailable chart tracks NOPAT and revenue decline from 2016-2020. Even as recently as Oct. 3, Mobileye was predicted to go public at a valuation of $30 billion. Meanwhile, economic earnings, the true cash flows of the business, are much lower at -$1.2 billion. Founded in Jerusalem in 1999, the firm has been a leading innovator in hardware and software for self-driving vehicles for more than two decades. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images). The road to self-driving will likely continue to be marked with many years of small incremental improvements, and it will take years before self-driving works well enough for mass adoption. At 21%, Mobileyes YoY change is below pre-pandemic levels of 26% in 2019. Buying the Mobileye IPO would be a bet that autonomous vehicles will become the norm on the highway to the future. This year, the company announced that it was testing various self-driving car prototypes in major cities, including New York. Despite the tremendous accomplishments the industry has made, self-driving is an extremely complicated challenge to solve. Even though revenue has grown at an impressive 47% CAGR since 2012, Mobileyes growth story is running out of gas. In October 2018, Mobileye and Volkswagen released plans to commercialize Mobility-as-a-Service (MaaS) in Israel. This assumption is highly unlikely but allows me to create best-case scenarios that demonstrate the extraordinarily high expectations embedded in the current valuation. Nasdaq 1125 N. Charles St, Baltimore, MD 21201. In February, press reports said that Mobileye was teaming up with Benteler EV Systems and Beep to launch a network of driverless EV shuttles in Israel and Germany by the end of this year. history. When I use my reverse discounted cash flow model to quantify the market's expectations for future profit growth required to justify this IPOs valuation, I think the market is vastly overestimating Mobileyes business potential. (Credit: Photography courtesy of Nasdaq Inc.), Mobileye CEO Prof. Amnon Shashua speaks at a ceremony to mark the start of trading at the Nasdaq Stock Market on Wednesday, Oct. 26, 2022, in New York City. ), a member firm of PricewaterhouseCoopers International Limited. All Rights Reserved. Recently acquired Moovit as well as Intel teams working on lidar and radar development and other Mobileye projects will be aligned as part of Mobileye. But it's not a new name for the market. Investors in the IPO will get Class A shares, which provide just one vote per share. Furthermore, over the long run, it seems unlikely that regulators would permit any meaningful data advantage in the self-driving industry to persist in a world of full automation due to the emphasis regulators place on public safety. Anyone can read what you share. At its current targeted valuation, the stock gets an unattractive rating. The transaction is not expected to have an impact on Intels 2021 financial targets. Mobileyes more formidable competition ranges from Big Tech to advanced semiconductor designers to automakers. The move will unlock the value of Mobileye for Intel shareholders by creating a separate publicly traded company and will build on Mobileyes successful track record and serve its expanded market. Mobileye Global Inc., the Intel Corp.-owned self-driving car technology company, is set to go public tomorrow, Oct. 26, at $21 per share in an initial public offering that had been expected by some to be priced at between $18 and $20 per share. Intel last year said it was going to list Israel-based Mobileye, which it bought in 2017 for around $15 billion. The. These systems offer lane departure warning, forward collision warning, headway monitoring and warning, intelligent headlamp control and speed limit indication (tsr). The company offers technology that includes artificial intelligence, deep learning and crowdsourcing to create hardware and software for use by automakers. It stands to reason that Mobileye would score well on ESG metrics, too. Intel and Mobileyes ongoing technology co-development will continue to deliver great platform solutions for our customers.. Anything less than 20% market share in 2031, and Mobileyes stock holds significant downside. [58] According to Mobileye, REM had mapped more than 7.5 billion kilometers of roads by January 2021. It sold its NAND flash memory business toSouth Korean firm SK Hynic Inc. for $9 billion in October 2020. Net loss narrowed to $7 million from $21 million. Over the same time period, losses have shrunk from $328 million to $75 million per year. One might expect a partnership with one of the most profitable tech companies in the world would have helped Mobileye further its market-leading technological edge. (Credit: Photography courtesy of Nasdaq Inc.), With todays first trade of Mobileye stock on the Nasdaq Global Select Market, Intel completed Mobileyes initial public offering (IPO). . There is no set date for the Mobileye IPO, but it is expected this year. The companys revenue growth rate was already in decline before Intel acquired it in 2017, and revenue growth has continued to slow since. [20] Both had connections to Mobileye through the Hebrew University of Jerusalem, where Mobileye's technology was first developed. // Intel is committed to respecting human rights and avoiding complicity in human rights abuses. Mobileye has realized accelerated growth and opportunity since joining the Intel family, nearly tripling annual chip shipments, revenue and the number of employees since the acquisition, said Shashua, founder and CEO of Mobileye. Perhaps Mobileyes most valuable product is its EyeQ chip, which coordinates information collected by sensory devices on a given vehicle. One chipmaker is the better play on A.I., geopolitics and earnings, analyst says, These are the cheapest tech stocks in the S&P 500, How much of A.I. Following the initial public offering (IPO) of Intels (NASDAQ:INTC) Mobileye unit, shares of MBLY stock are expected to start trading on the Nasdaq on Oct. 26. Intel will maintain. One of thefirst things Gelsinger announced is that he would shift Intels focus back to fundamentals making computer chips. Explore other upcoming IPOs to watch in 2022. In March 2017, Intel announced that it would be acquiring Mobileye for $15.3 billion[18] the biggest-ever acquisition of an Israeli tech company. Power 2022 U.S. Mobility Confidence Index (MCI) Study, consumer readiness for automation is nowhere close to where it will need to be to bring mainstream vehicle buyers into the market for fully automated passenger cars and trucks in the years ahead. [55] Mobileye's fifth-generation EyeQ is able to support fully-autonomous (Level 5) vehicles. Mobileye Announces Pricing of Initial Public Offering, Mobileye Global Rings the Nasdaq Stock Market Opening Bell in Celebration of its IPO. [33] In early 2017, Mobileye announced a partnership with BMW to integrate Mobileye technology into vehicles going to market in 2018. (Leasehackr Exclusive)", "Nio ES6 is a 317-mile electric SUV with a swappable, upgradable battery", "Nissan's ProPilot 2.0 driver assist allows hands-off highway driving", "The new Volkswagen Passat can drive itself at 130mph", "BMW Unveils AV Safety Platform Architecture", "Innoviz Claims New Lidar Sensor 70% Cheaper, Better Performance", "Mobileye and Geely to Offer Most Robust Driver Assistance Features", "The Future of Tesla Autopilot - What Happens After Mobileye? Larry began writing columns for InvestorPlace in 2015. Revenue for the first half of this year rose 21% from a year ago, to $754 million. [62], True Redundancy is an integrated system that utilizes data streams from 360-surround view cameras, lidar, and radar for level 4 autonomous driving. [49] Tesla reportedly did not share its plans with Mobileye, and after the first deadly crash of a self-driving Model S with active Autopilot became public in June 2016, Mobileye announced the end of their partnership. Founded in Jerusalem in 1999, Mobileye had become a major supplier of technology including cameras, computer chips and software that could help provide cars with automatic braking and lane-keeping features. quotes delayed at least 15 minutes, all others at least 20 minutes. Mobileyes SoC has been well received across the driver-assist industry and has been deployed in over 125 million vehicles. (Credit: Mobileye, an Intel Company) Due to the relatively low barriers to entry in the driver-assist market, Mobileye faces pressure on its margins as evidenced by the companys negative NOPAT since 2020 (see details below). ET. The History of Mobileye: From Founding to Listing Day, Drive through the evolution of Mobileye from where it started, to where it is today as it celebrates again becoming a publicly listed company on Nasdaq. Shares rose 10.56% the week ended May 26, amid the widespread . Nvidia launches GH200 Superchip to accelerate generative AI workloads, US slams China's ban on buying Micron chips as 'economic coercion', Facebook users lose access after violations of linked spam Instagram accounts they don't own, No deal: New Relic ends talks with private equity firms over leveraged buyout, Lawyer's reliance on ChatGPT leads to false case citations in airline lawsuit, GPUs get all the headlines, but the future of AI is real-time data, [the voice of enterprise and emerging tech]. Mobileye CEO Prof. Amnon Shashua (left) and Intel CEO Pat Gelsinger ring the bell to mark the start of trading at the Nasdaq Stock Market on Wednesday, Oct. 26, 2022, in New York City. To learn more about Intels innovations, go to newsroom.intel.com and intel.com. All Rights Reserved. A message from John Furrier, co-founder of SiliconANGLE: Your vote of support is important to us and it helps us keep the content FREE. Take a (virtual) ride in an autonomous vehicle that uses Mobileyes technology, and you can get a look at the future, too. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images), Tech Stocks Stay Strong Despite Mixed Employment Report. Commissions do not affect our editors' opinions or evaluations. Taylor is an award-winning journalist who has covered a range of personal finance topics in the New York Times, Newsweek, Fortune, Money magazine, Bloomberg, and NPR. [53] Mobileye also issued a statement that its systems were not designed to recognize a "lateral turn across path" and would not have those capabilities until 2018. Intel Corporation. Mobileye does not pay a dividend on its stock. Mobileye began "robotaxi" trials with Nio electric vehicles in Israel in May 2020 due to a delay in the arrival of Volkswagen minivans, and unveiled its new production-ready robotaxi in 2021 at the IAA Mobility show in Munich. Figure 2: Mobileyes System On Chip TOPS Vs. Competition. // See our complete legal Notices and Disclaimers. One-click below supports our mission to provide free, deep and relevant content. The paper outlines a system called Responsibility-Sensitive Safety (RSS) which redefines fault and caution and could potentially be used to inform insurance policies and driving laws. Intel expects the company to be valued at about $15.9 billion. (Credit: Mobileye, an Intel Company), A self-driving vehicle from Mobileyes autonomous fleet in Israel. Competitors. Self-driving system manufacturer Mobileye plans to go public after a recent filing. Intel acquired Mobileye in 2017 in a deal valued at $15.3 billion as part of a sweeping effort to expand into new markets. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Mobileye Global Inc ., the Intel Corp.-owned self-driving car technology company, is set to go public tomorrow, Oct. 26, at $21 per share in an initial public offering that had been. CNBC reportedthat Mobileye had $879 million in sales in 2019, $967 million in 2020 and $1.39 billion last year. However, the early widespread adoption of Mobileyes SoC may not persist as automakers and auto part suppliers that look to build self-driving systems in house. [9], Mobileye established its first research center in 2004, and launched the first generation EyeQ1 processor four years later, in 2008. (Credit: Mobileye), Intel CEO Pat Gelsinger on the Intel-Mobileye Relationship, In a message to potential investors, Intel CEO Pat Gelsinger speaks about Mobileyes role as a subsidiary of Intel over the past five years. Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts. // Your costs and results may vary. Mobileye was a publicly traded company in the past, completing an initial public offering in 2014 and trading under the ticker symbol MBLY on the New York Stock Exchange until its acquisition by Intel for $15.3 billion in 2017. A message from John Furrier, co-founder of SiliconANGLE: Your vote of support is important to us and it helps us keep the content FREE. [54], The EyeQ system-on-chip (SoC) utilizes a single camera sensor to provide passive/active ADAS and features including automatic emergency braking (AEB), adaptive cruise control (ACC), lane keeping assist(LKA), traffic jam assist (TJA) and forward collision warning (FCW). In this scenario, Mobileye would generate $568 million in NOPAT in 2031, or 5.5x its highest NOPAT, previously achieved in 2016. By Ade Hennis. (Credit: Photography courtesy of Nasdaq Inc.), Intel CEO Pat Gelsinger joins a ceremony to mark the start of trading at the Nasdaq Stock Market on Wednesday, Oct. 26, 2022, in New York City. More than 50 global automakers use Mobileyes technology in advanced driver assistance systems and autonomous vehicles. During the trading day, Intel completed its initial public offering of former subsidiary Mobileye, a leader in the development and deployment of advanced driver-assistance systems (ADAS) and autonomous driving technologies and solutions. The company increased its range to between $40 million and $45 million, up from just $40 million previously. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. Dec. 6, 2021 Intel announced on Monday that Mobileye, a subsidiary in Israel that builds driver-assistance technology for major carmakers, will go public next year. (Credit: Mobileye, an Intel Company), A self-driving vehicle from Mobileyes autonomous fleet sits outside Mobileyes autonomous vehicle workshop in Israel. (Credit: Mobileye, an Intel Company). Self-driving vehicles promise to save current drivers time and money, while reducing accidents. Companies included in auto part supplier average NOPAT margin include the 30 auto part suppliers in my firms coverage universe. Will Summer Be A Quiet Season For Markets? Why did Intel purchase Mobileye in the first place? With high interest rates and investors turning away from fast-growing tech companies are suffering thanks to higher borrowing costs, potential IPO investors need to ask themselves how rocky they believe Mobileyes road will be this year once its set off on its own. Mobileye Global Inc. (NASDAQ:MBLY) is an autonomous driving solutions company. Unlike Mobileye, most competitors in the driver-assist and self-driving industries operate other profitable businesses that provide the funding required to develop the technology that will bring self-driving to fruition. Mobileye is anticipated to go public at a valuation of more than 45 billion ($50 billion), according to a Reuters report.
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