Mobileye, a subsidiary of Intel in Israel that builds driver-assistance technology for major carmakers, will go public next year.
The two companies will continue to collaborate on technologies for the automotive market, as Intel will maintain majority ownership of Mobileye. Amnon Shashua, one of the company's founders, will continue as chief executive after the initial public offering.
In order to expand into new markets, Intel acquired Mobileye in a deal valued at $15.3 billion. Mobileye was founded in Jerusalem in 1999 and is a major supplier of technology that could help provide cars with automatic braking and lane-keeping features.
The company's camera system was the main component of the autopilot system. The partnership ended in acrimony after a year, withTesla building many of the same technologies on its own. Mobileye continued to work with other companies.
Mobileye has promoted its technologies as a path to self-driving cars. The company announced this year that it was testing self-driving car prototypes in major cities. Most experts believe that such vehicles are years away from widespread use.
Automatic braking, lane-keeping and other technologies that aid drivers are still the focus of Mobileye. The company said it is expanding into other kinds of automobile sensors, including radar and lidar, which are used in self-driving car projects.
