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The Latest Breaking News from Mobileye

Intel To Invest $25 Billion In Israel Chip Plant

Tech giant to build third factory in Kiryat Gat, boosting Israeli economy and exports.

Zenger

US House Approves FDA Office In Abraham Accord Region To Reduce Dependence On Chinese Pharmaceuticals

Proposal gathers momentum amid improving relations between Israel and Arab countries, with bipartisan support in Congress.

Zenger

Stocks Post Modest Gains as Regional Bank Stocks Rally

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.245%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.03%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +0.01%. Stock indexes Tuesday rose modestly as strength in regional...

Barchart

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Strength in Regional Bank Stocks Leads the Overall Market Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.04%. U.S. stocks this morning are modestly higher. A rally...

Barchart

Markets Today: Stocks Under Pressure as Lower Crude Prices Weigh on Energy Stocks

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.10%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.13%. U.S. stock index futures this morning are slightly lower. Weakness in energy stocks is weighing on the overall market, with WTI crude prices down more...

Barchart

4 Stocks That Deserve a Spot in Your Portfolio

While inflation remains a major concern, Goldman Sachs’ top economist still sees the chances of the economy avoiding a recession. However, amid prevailing uncertainties, we think fundamentally strong stocks Johnson & Johnson (JNJ), Volkswagen (VWAGY), Stellantis (STLA), and Core Molding Technologies (CMT) might be worth adding to your portfolio. Continue…

StockNews.com

2023 Zeekr 009 Debuts As Luxury Electric Minivan With 510-Mile Range

Deliveries in China start in early 2023, with the base model priced at $68,450 and the one with the 140-kWh Qilin battery supplied by CATL starting at $80,660.

InsideEVs

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Is Self Driving Dead? Tesla Gets Sued, Ford Shuts Down Argo AI - But Mobileye IPOs

Imagine this morning commute: You're in the car, sipping coffee with one hand and browsing the morning news with the other. In fact, you’re in the driver’s seat but you're not steering. The streets are safe and accident-free; traffic flows smoothly. You’re so glad someone invented autonomous cars.

Benzinga

Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Reuters Exxon Exits Russia Completely After Putin Seizes Company's Properties

Benzinga

Top Financial Stories Tuesday, September 13: Elon Musk's Takeover Set To Get Twitter Shareholder Approval, Intel Slashes Mobileye IPO Valuation, Goldman Sachs To Layoff About 500 Jobs And More…

Wall Street Journal

Benzinga

3 Semiconductor Stocks to Consider Buying This Correction

Semiconductor stocks have finally started to drop after outperforming from March 2020 to January 2022. There are valid reasons to worry about the downside including a cyclical downturn in tech spending. However, the industry is poised for long-term growth, and these 3 stocks are trading at very attractive valuations: Intel…

StockNews.com

Tesla's Elon Musk Is Getting The Attention Of German Automakers

Elon Musk is capturing the attention of Germany's finest in the auto sector. Der Spiegel reports on Tesla's agility (and creative) management of the chip crisis.

InsideEVs

Is Mobileye IPO A Good Investment?

Since the advent of digitalization and connectivity-based platforms, industry leaders looked to the world’s transportation networks as the battleground for the next disruptive technology.

Benzinga

Intel's Autonomous Car Driving Unit Confidentially Files For US IPO

Intel Corp's (NASDAQ:INTC) self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports. The IPO could value the Israeli unit at over $50 billion. Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp (NASDAQ:NVDA) and Qualcomm Inc (NASDAQ:QCOM) in developing driverless systems for automakers. Intel CEO Pat Gelsinger…

Benzinga

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news in one place.

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Asharq Al-Awsat

Intel’s Mobileye, Partners to Launch Self-Driving Shuttles in US in 2024

Intel Corp's Mobileye unit plans to build and deploy self-driving electric shuttle vehicles with its partners in the United States in 2024, in a bid to scale up its automated driving systems beyond taxis and delivery vehicles, executives told Reuters. Mobileye, Benteler EV Systems and Beep will launch the on-demand…

Benzinga

Intel's Mobileye Targets US Autonomous Electric Shuttles From 2024

Intel Corp's (NASDAQ:INTC) Mobileye unit looks to build and deploy self-driving electric shuttles with its partners in the U.S. in 2024. Mobileye, Benteler EV Systems, and Beep will launch the on-demand driverless shuttles, which will feature 12 to 14 seats and no steering wheel or pedal, Reuters reports. They will operate the vehicles in…

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