Intel's Mobileye sets audacious new self-driving car path

  • Intel (NASDAQ:INTC) might be planning on spinning off its Mobileye automotive technology unit in the near future, but for now, the semiconductor giant is still fully behind the wheel with Mobileye's latest self-driving efforts.
  • That was on display at the Consumer Electronics Show in Las Vegas, when Intel (INTC) said Mobileye has secured new autonomous driving technology partnerships with Ford (NYSE:F), Volkswagen (OTCPK:VWAGY) and China's Geely. The deal with Geely involves developing what is believed will be the world's first mostly self-driving car for the automaker's Zeekr brand that will begin production in 2023.
  • Intel (INTC) said the Geely Zeekr vehicle will be equipped with what is called Level 4 driving autonomy. That level will allow the car to be able to drive itself in most circumstances, but will also require a driver to remain behind the car's steering wheel. The car will use six Mobileye EyeQ 5 chips and road-mapping technology.
  • Mobileye also said it is expanding its relationship with Ford (F), and the automaker will use Mobileye's road-mapping data system in upcoming versions of Ford's BlueCruise hands-free driving technology. Mobileye added that Volkswagen will begin using some of its automated driving systems in its vehicles.
  • The announcements come one month after Intel (INTC) said it would spin off Mobileye in an IPO to be held by mid-year. Mobileye is currently estimated to be worth as much as $50 billion.

    Over the current book year the company from Santa Clara's total revenue could be around 73.62 billion USD (consensus estimates). This is slightly lower than 2021's revenue of 77.87 billion USD.

    Historical revenues and results Intel plus estimates 2021

    aandelenanalyse

    The analysts expect for 2021 a net profit of 21.62 billion USD. The majority of the analysts expects for this year a profit per share of 5.28 USD. The price/earnings-ratio therefore equals 10.55.

    Per share the analysts expect a dividend of 1.39 USD per share. Intel 's dividend yield thus equals 2.5 percent. The average dividend yield of the semiconductor companies equals a limited 1.12 percent.

    Most recent target prices around 46 USD

    Goldman Sachs , KBC Securities and Morgan Stanley recently provided recommendations for the stock.

    Based on the current number of outstanding shares Intel 's market capitalization is 238.95 billion USD. -1

    On Friday, the stock closed at 55.7 USD.

    Historical stock prices Intel period 2007-2021

    historical stocks intel

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