英特爾擬分拆Mobileye上市，用意幾何？
Unicorn Encyclopedia | The largest IPO in the US this year? Intel's self-driving car division Mobileye is about to split and go public.
![>> Complete Collection of Global Star Unicorn Encyclopedia << [Cool Guy]Rumors of going public. On March 7, 2022, Eastern Time, according to multiple media reports,$Intel (INTC.US)$It was disclosed that its subsidiary Mobileye has secretly applied for an IPO and has now secretly submitted a Form S-1 registration statement draft to the SEC. Currently, the number and price of new stock offerings have not been determined yet. The IPO date will take place after the SEC completes the evaluation process, with the specific timing depending on the market and other conditions. As early as December last year, Intel announced plans to spin off and list Mobileye, with the market expecting a valuation of over $50 billion. After the news was announced, Intel's stock price also surged more than 8%. Intel CEO Pat Gelsinger said: 'Now is the time, this is a unique asset, and going public will help unlock the potential of Mobileye.' (This is the right time. This is a unique asset and we will take the right action to fully realize this potential.) In recent years, global investors have been highly focused on new energy, self-driving cars, and other...](https://nnqimage.futunn.com/8902549529380975601.jpg/big?imageMogr2/ignore-error/1/format/webp)
Rumors of going public.On March 7, 2022, Eastern Time, according to multiple media reports,$Intel (INTC.US)$it was revealed that its subsidiary Mobileye has secretly applied for an IPO and has currently submitted a confidential Form S-1 registration statement to the SEC.
![>> Complete Collection of Global Star Unicorn Encyclopedia << [Cool Guy]Rumors of going public. On March 7, 2022, Eastern Time, according to multiple media reports,$Intel (INTC.US)$It was disclosed that its subsidiary Mobileye has secretly applied for an IPO and has now secretly submitted a Form S-1 registration statement draft to the SEC. Currently, the number and price of new stock offerings have not been determined yet. The IPO date will take place after the SEC completes the evaluation process, with the specific timing depending on the market and other conditions. As early as December last year, Intel announced plans to spin off and list Mobileye, with the market expecting a valuation of over $50 billion. After the news was announced, Intel's stock price also surged more than 8%. Intel CEO Pat Gelsinger said: 'Now is the time, this is a unique asset, and going public will help unlock the potential of Mobileye.' (This is the right time. This is a unique asset and we will take the right action to fully realize this potential.) In recent years, global investors have been highly focused on new energy, self-driving cars, and other...](https://nnqimage.futunn.com/6114123845832777313.png/big?imageMogr2/ignore-error/1/format/webp)
Currently, the number of new shares issued and the price are not yet determined. The IPO date will be set after the SEC completes the evaluation process, which will also depend on the market and other conditions.
As early as December last year, Intel announced plans to spin off and list Mobileye, with a market expected valuation of over $50 billion. After the news was announced, Intel's stock price also surged more than 8%.
Intel CEO Pat Gelsinger said: "Now is the time, this is a unique asset, going public will help unlock Mobileye's potential".
(This is the right time. This is a unique asset and we will take the right action to fully realize this potential.)
In recent years, global investors have been highly focused on new energy, self-driving, and other new technologies in the automotive industry, with more and more car companies trying to innovate in this field.
Some analysts believe that Intel's spin-off of Mobileye for separate listing is a wise move, allowing investors to directly invest in its flagship self-driving car business.
Five years ago, Intel invested a huge sum of $15.3 billion to acquire Mobileye. What is the charm of its business model? Unicorn Encyclopedia, a shortcut to wealth; listen to my eloquence, enjoy the long song: next, let me take you into the story of Mobileye.
Founding ProcessAmnon Shashua was born in 1960. At the age of 25, he received a bachelor's degree in mathematics and computer science from Tel Aviv University. Four years later, he graduated with a master's degree in the same field from the Weizmann Institute of Science.
In 1993, while working in an artificial intelligence lab, he also obtained a Ph.D. in Brain and Cognitive Sciences from MIT. His studies did not stop there, as he also worked as a postdoctoral researcher at the MIT Center for Biological and Computational Learning under Dr. Tomaso Poggio.
In 1995, Shashua founded the 3D optical technology company CogniTens, which was sold in 2007.$HEXAGON AB ADR EACH REPR 1 ORD SHS (HXGBY.US)$ 。
In 1998, Amnon Shashua, who was teaching at the Hebrew University, went to Japan to share his academic achievements, and hit it off with the Toyota engineers in the audience.Toyota provided him with $0.1 million as research funding.
Soon after, his cost-effective solution attracted the attention of General Motors.He successfully obtained project funding of $0.2 million from General Motors.
In 1999, with the support of Toyota and General Motors, Amnon Shashua approached his business friend Ziv Aviram and the two founded Mobileye in Israel.
Company OperationsMobileye started with visual algorithms, focusing on smart driving visual solutions, providing services by combining algorithms with self-developed system-level chips and other hardware. Mainly developing the EyeQ series of chips for automatic driving systems and advanced driver-assistance systems (ADAS) brain.
Basic passive ADAS functions in vehicles, such as forward collision warning, lane departure warning, and blind spot detection, were all first introduced by Mobileye.
Mobileye focused on research and development for the first eight years after its establishment.It was not until 2007 that they released their first custom accelerator processor chip for autonomous driving, the EyeQ1. All of Mobileye's proprietary image processing algorithms run on the EyeQ chip.
The chip has sold 0.1 billion units, with customers worldwide, including well-known car manufacturers like Tesla, BMW, Audi, Volvo, Nio, Li Auto, and Great Wall Motors.
Mobileye holds 80% of the market share in the Advanced Driver Assistance Systems (ADAS). After Intel's acquisition of Mobileye, it transferred its own lidar and 4D radar development team to it.
Last year, Intel spent 0.9 billion dollars to acquire the Israeli urban transportation data startup Moovit, helping Mobileye, the "king of ADAS," quickly overcome its weaknesses and become a "fully self-developed" giant in the era of autonomous driving.
In early January of this year, at the globally influential Consumer Electronics Show in Las Vegas, Mobileye announced that consumer-grade self-driving cars are expected to appear in 2025.
Company valuationIn 2014, Mobileye was listed on the NYSE with a market cap of up to 8 billion dollars, once breaking the then record for Israeli companies listing in the US.
In 2017, under the operation of then-CEO of Intel, Brian Krzanich, Intel acquired Mobileye for a total price of 15.3 billion dollars. The latter's market cap before privatization and delisting was 13.92 billion dollars, with a premium of 9.91% in this acquisition.
Intel currently holds full ownership of Mobileye. Intel CEO Pat Gelsinger expects that After Mobileye's independent listing, Intel will still retain the majority of the shares, and both parties will continue to cooperate in technology research and development.Mobileye's current CEO Amnon Shashua and operating team will continue to serve.
In five years, Mobileye is about to go public again. The market's expectations for Mobileye are also high, with an estimated valuation of $50 billion.
The market value of the publicly listed self-driving company$Aurora Innovation (AUR.US)$ is $5.244 billion; the unlisted Google groupWaymo and the General Motors groupCruiseWith a market cap of approximately $30 billion. Mobileye's valuation is much higher than the emerging star in the self-driving car industry under these three major companies.
Financial SituationAccording to Intel's latest financial report, Mobileye's revenue in 2021 was $1.4 billion, a 43% year-on-year increase, with an operating profit of $0.46 billion.
Industry insiders estimate that if Mobileye can continue its good momentum this year, it will bring Intel about $2 billion in revenue.
![>> Complete Collection of Global Star Unicorn Encyclopedia << [Cool Guy]Rumors of going public. On March 7, 2022, Eastern Time, according to multiple media reports,$Intel (INTC.US)$It was disclosed that its subsidiary Mobileye has secretly applied for an IPO and has now secretly submitted a Form S-1 registration statement draft to the SEC. Currently, the number and price of new stock offerings have not been determined yet. The IPO date will take place after the SEC completes the evaluation process, with the specific timing depending on the market and other conditions. As early as December last year, Intel announced plans to spin off and list Mobileye, with the market expecting a valuation of over $50 billion. After the news was announced, Intel's stock price also surged more than 8%. Intel CEO Pat Gelsinger said: 'Now is the time, this is a unique asset, and going public will help unlock the potential of Mobileye.' (This is the right time. This is a unique asset and we will take the right action to fully realize this potential.) In recent years, global investors have been highly focused on new energy, self-driving cars, and other...](https://nnqimage.futunn.com/6600312059704417615.jpg/big?imageMogr2/ignore-error/1/format/webp)
In terms of sales, one of the key products in Mobileye's product line is the Mobileye EyeQ series chip, which has also achieved good sales performance. In 2019, the EyeQ series chips achieved a total shipment of 17.4 million units, accounting for 20% of the total market, with a net revenue of $0.879 billion. It continued to be profitable in 2020, showing a 22% growth over the same period last year.
According to Yole's data statistics, the global market for computational ADAS, radar, cameras, and lidar reached sales of $8.6 billion in 2020.
Mobileye's founder and CEO Amnon Shashua also mentioned, "Since joining the intel family, Mobileye has experienced accelerated growth, with chip shipments, revenue, and number of employees almost tripling every year since the acquisition!"
Mooers, have you heard of Mobileye? Among the giants in the field of autonomous driving - Mobileye, Waymo, Cruise, and Aurora, who are you more bullish on?
Mobileye is about to go public. Would you consider investing? Feel free to discuss below.
Editor/Bravo
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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