Intel plans to sell Mobileye Class A shares, reducing its shareholding ratio to 98.7%

According to news on June 6, Intel plans to sell 35 million Class A shares of Mobileye it holds, with a total value of approximately US$1.5 billion (approximately 10.65 billion yuan). After the completion of this transaction, Intel's shareholding ratio in Mobileye will be reduced from 99.3% to 98.7%.

Mobileye is an Israeli driverless technology company that focuses on developing related technologies. Last year, the company successfully listed on Nasdaq and raised US$861 million (approximately 6.113 billion yuan). As an important supplier to the automotive industry, Mobileye's customers include well-known automakers such as BMW, Nissan and Volkswagen.

Intel’s acquisition of Mobileye is to expand its influence in the field of autonomous driving. However, Intel now faces challenges from competitors such as Qualcomm. The two chip giants are also actively launching an offensive into the automotive industry to compete for market share.

It is reported that Goldman Sachs and Morgan Stanley served as joint bookkeeping managers for this stock sale transaction, responsible for assisting in completing related transaction matters.

This stock sale will bring a certain amount of capital income to Intel, which will help it further develop in the field of autonomous driving technology. At the same time, Mobileye, as an important player in the field of autonomous driving technology, will continue to provide partners with advanced solutions and promote the intelligent development of the automotive industry.

The above is the detailed content of Intel plans to sell Mobileye Class A shares, reducing its shareholding ratio to 98.7%. For more information, please follow other related articles on the PHP Chinese website!