What happened Shares of Intel (NASDAQ: INTC) climbed on Tuesday after the semiconductor giant announced plans to take its Mobileye autonomous vehicle business public. As of 2:55 p.m. ET, Intel's stock price was up nearly 4%. So what Intel acquired Mobileye in 2017. The Israel-based company is a leading provider of advanced driver assistance and self-driving technology. It has relationships with over 30 automakers and expects to generate revenue growth of more than 40% this year. "Mobileye has realized accelerated growth and opportunity since joining the Intel family, nearly tripling annual chip shipments, revenue, and the number of employees since the acquisition," Mobileye CEO Amnon Shashua said in a press release.
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