Last year, Intel revealed its intention to take Mobileye public, with Intel CEO Pat Gelsinger stating that an IPO “provides the finest chance to expand on Mobileye’s track record for innovation and generate value for shareholders.” Gelsinger also said that Intel will utilize the proceeds from Mobileye’s IPO to create more chip factories. Intel is now constructing a $20 billion semiconductor manufacturing center in Ohio and spent another $20 billion last year to establish chip-making factories in Arizona.
