Mobileye Returns to Public Markets with Nasdaq Listing, CEO Says Dream Is Every Car Having Life-Saving ADAS
Mobileye founder and CEO Amnon Shashua announced the company's return to public markets as shares began trading on Nasdaq under ticker MBLY, marking a new chapter after five years as a wholly owned subsidiary of Intel.
- 800+
- 125+ million
- 50+
What Happened
In a letter to customers published on October 26, 2022, Mobileye founder and CEO Amnon Shashua celebrated the company's return to the Nasdaq stock exchange under the ticker MBLY. He highlighted that the five-year period as a wholly owned subsidiary of Intel helped accelerate the business, allowing Mobileye to develop advanced ADAS technologies including REM mapping, RSS driving policy, True Redundancy sensing, and the EyeQ system-on-chip. Shashua noted that more than 800 vehicle models have been produced with Mobileye systems, and over 125 million vehicles are equipped with the company's technology.
125+ million
Across more than 800 vehicle models from 50+ automakers
- Road Experience Management (REM) mapping
- Responsibility-Sensitive Safety (RSS) driving policy
- True Redundancy sensing system
- EyeQ system-on-chip family
“Our dream is that every car will have life-saving driver-assistance technology.”
Why this matters
The IPO gives Mobileye greater independence and visibility to advance its driver-assistance and autonomous driving technologies, which are already in over 125 million vehicles worldwide, and to pursue its goal of making every car safer.
Terms in This Story
- ADAS
- Advanced Driver-Assistance Systems; technology that helps drivers with safety features like lane-keeping and automatic braking.
- Nasdaq
- A global electronic marketplace for buying and selling securities, where many technology companies are listed.
- IPO
- Initial Public Offering; when a private company sells shares to the public for the first time.
- SoC
- System on a Chip; an integrated circuit that contains all components of a computer or electronic system on a single chip.
Summarised from the linked release; details can be imperfect — always verify against the original source.