Intel announces that Mobileye is ready to go public in the US, its autonomous driving business. Mobileye’s shares are scheduled to be placed during an IPO scheduled for the summer of 22nd.

Insiders told The Wall Street Journal about Intel’s plans to raise more than $ 50 billion. The decision to hold an IPO was dictated by heightened investor interest in autonomous driving technologies, said CEO Pat Gelsinger.

Against the backdrop of this news, Intel shares rose 8.2% to $ 55.15 per share.