When I mentioned whether any Intel acquisitions achieved “big success,” I was thinking those that delivered big and measurable results in terms of revenue, profit, and/or a strong return on investment, especially after Intel later spun them off.
Take Mobileye as an example. Intel acquired Mobileye in March 2017 for $15.3 billion in cash and later spun it off through the 2022 IPO. Intel still owns about 80% of the company today. Mobileye’s trailing twelve‑month (TTM) revenue ending September 2025 is approximately $1.94 billion, with a TTM net loss of about –$336 million. Intel has sold roughly $2.52 billion worth of Mobileye shares through the IPO and subsequent transactions. As of noon on January 15, 2025, Mobileye trades at around $10.87 per share with a market capitalization of $8.85 billion.
This means that more than eight years after the acquisition and IPO, Intel has effectively lost about $5.7 billion relative to the $15.3 billion it originally spent to acquire Mobileye. Mobileye’s contribution to Intel’s overall revenue has been limited, and in terms of profit, it has been a net loss.
A similar pattern can be seen with other major Intel acquisitions, including Altera, McAfee, and Infineon’s Wireless Solutions business. Intel’s large acquisitions have consistently resulted in significant financial losses rather than the big financial success the company may have hoped for.
