Intel’s standalone company, Mobileye, has filed for an IPO in the United States.
Intel, a computer hardware design and manufacturing giant, has found a partner company to work on self-driving technology; Mobileye. According to the Mobileye website, they are looking to differentiate themselves in several key ways and hopefully attract investors simultaneously. According Reutersa timetable for the IPO has not yet been released.
Intel’s Mobileye website says 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 build better hardware, implement better software, and use new mapping technology to perform better than their existing rivals.
The company’s website, nor their filing for public disclosure, indicates where the company is in the development process, but an IPO of such a major brand should at least be cause for optimism. Reuters explicitly believes that such an IPO could lead other large companies to consider their own IPO as well.
Intel would enter a competitive “autonomous technology” market. Not only is Tesla working on a Full Self Driving model that they hope to bring to customers, but countless other automakers are looking to do the same. Other startups like Comma.ai have been implementing autonomous driving for years.
Where Intel can find success is in licensing. Many manufacturers have yet to fully establish themselves in self-driving technology and could rapidly advance in technical capabilities by partnering with Intel Mobileye. It’s unclear if the Intel team is already working with other automakers, but the possibility certainly exists. And in an auto market where some automakers may feel like they’re catching up, Mobileye could be a game-changer.
What do you think of the article ? Do you have any comments, questions or concerns? Email me at [email protected]. You can also reach me on Twitter @WilliamWritin. If you have topical advice, write to us at [email protected]!