Intel Stock Rises on Move to Launch IPO of Mobileye Unit

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https://www.barrons.com/articles/intel-intc-stock-mobileye-initial-public-offering-51638868420

Updated Dec. 7, 2021 4:37 americium ET / Original Dec. 7, 2021 4:16 americium ET

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Shares of Intel were rising much than 8% successful premarket trading Tuesday aft the chipmaker said it would beryllium taking nationalist its Mobileye self-driving-car unit.

The archetypal nationalist offering of Mobileye successful the U.S. is planned for the mediate of adjacent year. The move, archetypal reported by The Wall Street Journal, could worth Mobileye astatine much than $50 billion, according to radical acquainted with the matter.

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