Intel Amends Mobileye 13G/A, Confirms Continued Significant Stake

TL;DR

**Intel still owns a big chunk of Mobileye, keeping them tied together.**

AI Summary

Intel Corporation filed an amended SC 13G/A on February 9, 2024, indicating its ownership of Mobileye Global Inc. Class A Common Stock as of December 31, 2023. This filing updates previous disclosures, confirming Intel's continued significant stake in Mobileye. This matters to investors because Intel remains a major shareholder, which could influence Mobileye's strategic direction and future performance, especially given Intel's role in the semiconductor industry.

Why It Matters

Intel's ongoing substantial ownership in Mobileye Global Inc. signals its continued commitment to the autonomous driving technology sector, potentially providing stability and strategic alignment for Mobileye.

Risk Assessment

Risk Level: low — This filing is an amendment confirming existing ownership, not indicating a major change in holdings or a new, unforeseen risk.

Analyst Insight

Investors should note Intel's continued significant stake in Mobileye, which suggests ongoing strategic alignment. While this filing doesn't indicate a change in ownership, it reinforces the existing relationship, which could be a factor in Mobileye's long-term stability and access to resources. Monitor future filings for any changes in Intel's holdings.

Key Numbers

• 60741F104 — CUSIP Number (identifies Mobileye Global Inc.'s Class A Common Stock.)
• 94-1672743 — IRS Identification No. (identifies Intel Corporation as the reporting person.)
• 0000050863-24-000031 — Accession Number (unique identifier for this specific SEC filing.)
• 005-93811 — SEC File Number (identifies Mobileye Global Inc. with the SEC.)

Key Players & Entities

• Intel Corporation (company) — the reporting person and major shareholder of Mobileye Global Inc.
• Mobileye Global Inc. (company) — the subject company whose Class A Common Stock is being reported.
• December 31, 2023 (date) — the date of the event which required the filing of this statement.
• February 9, 2024 (date) — the filing date of the SC 13G/A amendment.
• Class A Common Stock, $0.01 par value per share (dollar_amount) — the title of the class of securities held by Intel Corporation.

Forward-Looking Statements

• Intel will maintain a significant ownership stake in Mobileye Global Inc. throughout 2024. (Intel Corporation) — high confidence, target: December 31, 2024
• Mobileye Global Inc. will continue to benefit from its strategic relationship with Intel due to Intel's substantial investment. (Mobileye Global Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0000050863-24-000031.txt : 20240209 0000050863-24-000031.hdr.sgml : 20240209 20240209142045 ACCESSION NUMBER: 0000050863-24-000031 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Mobileye Global Inc. CENTRAL INDEX KEY: 0001910139 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93811 FILM NUMBER: 24613996 BUSINESS ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 BUSINESS PHONE: 972 2 541 7333 MAIL ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Holdings Inc. DATE OF NAME CHANGE: 20220224 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Group Inc. DATE OF NAME CHANGE: 20220209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INTEL CORP CENTRAL INDEX KEY: 0000050863 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 941672743 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2200 MISSION COLLEGE BLVD STREET 2: RNB-4-151 CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4087658080 MAIL ADDRESS: STREET 1: 2200 MISSION COLLEGE BLVD STREET 2: RNB-4-151 CITY: SANTA CLARA STATE: CA ZIP: 95054 SC 13G/A 1 mobileyeglobal13g-afor2023.htm SC 13G/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Mobileye Global Inc. (Name of Issuer) Class A Common Stock, $0.01 par value per share (Title of Class of Securities) 60741F104 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: o Rule 13d-1(b) o Rule 13d-1(c) x Rule 13d-1(d) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 60741F104 1. Names of Reporting Persons I.R.S. Identification No. of Above Persons (Entities Only) Intel Corporation 94-1672743 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) o 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power* 711,500,000 (1) 7. Sole Dispositive Power 0 8. Shared Dispositive Power* 711,500,000 (1) 9. Aggregate Amount Beneficially Owned by Each Reporting Person* 711,500,000 (1) 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o 11. Percent of Class Represented by Amount in Row (9)* 88.3% 12. Type of Reporting Person (See Instructions) CO (1) Reflects 711,500,000 shares of Class B common stock, par value $0.01 per share (“Class B Common Stock”), convertible into an equal number of shares of Class A common stock, par value $0.01 per share (“Class A Common Stock”), at the option of the holder and automatically upon certain transfers as described in the Amended and Restated Certificate of Incorporation of Mobileye