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Intel announced on Monday that Mobileye, a subsidiary in Israel that builds driver-assistance technology for major carmakers, will go public next year. Intel will maintain majority ownership of Mobileye, and the two companies will continue to collaborate on technologies for the automotive market.

With the automotive chip market size continuing expanding, it seems that all companies don’t want to miss this big cake.

Compared to Mobileye’s IPO, Intel’s shareholders mainly care about what if they lose anything from their separation. But according to this news, Intel’s stock price starts to rise after the market close.

However,

Mobileye, once the dominant ADAS player, has fallen behind in the new era of smart EV and autonomous driving.

5 years before, BMW formed an autonomous driving alliance with Mobileye, and built numerous Mobileye's EyeQ chips into its vehicles. They even shared the technology's patents with each, they were absolutely brothers in other’s eyes.

But half a month ago, Qualcomm had claimed to cooperate with BMW in 2025, BMW’s new cars would start to use Qualcomm Snapdragon Ride Autonomous driving platform, which means BMW, the most important cooperator, had left Mobileye away.

This news means the end of the alliance of BMW-INTEL-Mobileye, even the end of ADAS era when Mobileye was the leader.

Mobileye: the star of Israeli enterprise...in the past

In the past 20 years, Mobileye has shipped more than 60 million EyeQ chips , which have been used by global automaker tycoons such as BMW, Volvo, Audi, Nio$NIO Inc.(NIO)$ and even Tesla$Tesla Motors(TSLA)$ . But Mobileye had so many clients, the most reason is its advantage of forwardness. As we can see, new models for 2022 and beyond, especially smart EVs, are almost exclusively powered by self-driving chips from tech giants like Nvidia, Qualcomm and Huawei...$NVIDIA Corp(NVDA)$ $Qualcomm(QCOM)$ $Hua Wei Design Group Co.,Ltd.(833427)$

In the tech industry, if you don't keep up with the latest technology trends, you hit the top and then you go downhill quickly. Mobileye, which was strong in the past, is being displaced and will be badly lost in the future.

Whatever Mobileye goes public or not, the truth is it has lost many cooperators and its market share gone downtrend. This move from Intel should be a helpless action to save Mobileye’s losing reputation.

If I am autodriving bull, why not choose Tesla or Nvida? Or other smart car producers?

Will Mobileye come back and reverse its fall after IPO?

Anyone has different opinions? I’d like to hear your voice😜😜😜