Intel Announces That Mobileye Has Submitted S-1 Draft Registration Statement

Rhea-AI Summary

Mobileye has submitted a draft registration statement on Form S-1 to the U.S. SEC for its proposed IPO. The exact number of shares and price range have not yet been specified. The IPO is expected to occur following the SEC's review, contingent on market conditions. This release is not an offer to sell or solicit offers for securities, complying with the Securities Act of 1933.

Intel continues to lead in semiconductor technology, aiming to empower global progress and innovation.

Positive

• Confidential submission for IPO could potentially generate significant capital for Mobileye.
• Intel maintains a strong position in the semiconductor industry, supporting innovation.

Negative

• Uncertainty around the actual number of shares and pricing for the IPO may lead to market skepticism.

Mobileye has confidentially submitted with U.S. SEC for the proposed IPO of its common stock

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel today announced that Mobileye has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for its proposed initial public offering of newly issued Mobileye common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (Securities Act). This announcement is being issued in accordance with Rule 135 under the Securities Act.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220307005230/en/

Danielle Mann

Intel Media Relations

danielle.mann@intel.com

Tony Balow

Intel Investor Relations

tony.balow@intel.com

Dan Galves

Mobileye

Dan.galves2@mobileye.com

Source: Intel

FAQ

What is the purpose of Mobileye's IPO submission to the SEC?

Mobileye's IPO submission aims to raise capital by offering newly issued common stock.

When is Mobileye's IPO expected to occur?

The IPO is expected to happen after the SEC completes its review, subject to market conditions.

What does the SEC's review process involve for Mobileye's IPO?

The SEC's review ensures the IPO meets regulatory requirements before it can proceed.

How does Mobileye's IPO affect Intel's stock (INTC)?

The IPO could positively impact Intel's stock if it leads to increased valuation and capital generation for Mobileye.