Intel’s self-driving subsidiary Mobileye officially landed on the Nasdaq exchange yesterday. As of today’s close, Mobileye’s total market value reached $23 billion (about 165.14 billion yuan).
Following the company’s return to the U.S. stock market, Mobileye CEO Amnon Shashua issued an open letter stating that Mobileye will be stronger and more valuable than before when it goes public again. Over the past five years, Mobileye has evolved, advanced and continued to deliver the driver assistance technologies the market needs under the Intel umbrella, from the popular safety applications of today to the fully automated driving solutions of tomorrow.
Data shows that since the first EyeQ chip shipped, more than 800 models and more than 125 million vehicles have been equipped with Mobileye’s technology.
Amnon Shashua said that in its five years as a wholly owned subsidiary of Intel, Mobileye has accelerated the pace of business development and is well-prepared for the new journey ahead. In five years, Mobileye has successfully developed and delivered the advanced core platform technologies required for Advanced Driver Assistance Systems (ADAS): Road Network Information Management (REM) autonomous vehicle mapping technology, RSS-based driving strategies, True Redundancy sensing systems, and multiple generations of advanced EyeQ system integration chip (an all-in-one software and hardware solution defined autonomously).
However, Amnon Shashua says this is not a step into completely new territory for Mobileye, as they have been operating independently — self-funding R&D and transitioning from technology provider to mobility services driver — before and during their time with Intel. “I’m confident that after we go public again, we will continue to grow and thrive.”
