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　　In the face of falling stock markets, Intel is lowering its expectations for the size of the Mobileye IPO; if things don't improve, it could delay the IPO until next year.

　　Intel expects the IPO to value the self-driving technology business at as much as $30 billion, lower than initially hoped, according to people familiar with the matter who asked not to be named. The original plan was to issue shares around mid-2022, with a potential valuation of more than $50 billion.

　　Intel CEO Pat Gelsinger intends to divest some of his holdings to partially monetize the Israeli company it acquired in 2017. Mobileye, which makes chips for cameras and driver-assist functions, is seen as a valuable asset in the auto industry's push toward fully autonomous vehicles. But Intel is facing a bear market for chip stocks and a dry season for IPOs, making it harder to close deals.

　　A 2022 offering is still possible if semiconductor stocks rebound; otherwise, the IPO will be delayed, the people said. Representatives for Mobileye and Intel declined to comment.

　　If Mobileye succeeds in IPO, it will bring demonstration effect. SoftBank is also trying to bring semiconductor design firm Arm Ltd by early next year. IPO; Ampere Computing LLC, a startup that provides processors for data centers, is also planning an IPO.