Intel’s Mobileye priced its 41M shares at $21 per share, above its target range of $18-$20 per share, raising $861M in its IPO at a $16.7B valuation (Echo Wang/Reuters)

Reuters:
SEC filing: Intel’s self-driving car unit Mobileye files for an IPO and reports a H1 2022 revenue of $854M, up 21% from H1 2021  —  Mobileye, Intel Corp’s (INTC.O) self-driving unit, on Friday filed for an initial public offering in the United States, revealing a 21% jump in revenue for the first half of the year.

Yuvraj Malik / Reuters:
Mobileye reports Q3 revenue up 38% YoY to $450M, beating $447M estimates, and a $45M net loss, up from $26M YoY, in its first post-IPO earnings  —  Mobileye Global Inc (MBLY.O) beat estimates for revenue on Wednesday in its first quarterly report after going public in October, as the Intel Corp …

Reuters:
GM’s Cruise says it has developed four in-house chips for self-driving cars to be deployed by 2025, including an ARM-based computing chip called Horta  —  General Motors’ (GM.N) autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025 …

Joanna Glasner / Crunchbase News:
Analysis: 14 self-driving vehicle tech companies that went public in the past two years have seen an 80%+ average decline in their post-IPO stock price  —  A few years ago, public market investors sometimes lamented the lack of opportunities to directly invest in future-shaping technologies like autonomous driving.

Asa Fitch / Wall Street Journal:
In a staff letter, Intel CEO Pat Gelsinger says the company plans to create greater decision-making separation between its chip design and chip production arms  —  New structure allows the company’s chip-making factories to work like contract operations  —  Intel Corp. INTC -0.63%▼ …

Jennifer Pattison Tuohy / The Verge:
Amazon will roll out Matter over WiFi smart home standard to 17 Echo devices in December, initially for Android, supporting smart plugs, bulbs, and switches  —  Amazon will start its Matter journey slowly, bringing support for the new smart home standard to 17 Echo devices in December.