Intel will list shares in Mobileye Unit

Intel Corp. plans to list shares in its Mobileye self-driving car unit, the latest move by CEO Pat Gelsinger to revive the semiconductor giant’s fortunes.

Intel said it would bring the device to the US in mid-2022 through an initial listing of new Mobileye shares. The move, previously reported by The Wall Street Journal, could value Mobileye to the north for $ 50 billion, according to people familiar with the matter.