which is one of the reasons why i'm happy we have pat gelsinger. you are a delight.ng interesting and new. this is one i think that basically tells you that this company, $200 billion, is clearly undervalued. you had mobileye buried within >> thanks, jim we definitely see the opportunity to bring mobileye forward in a big way clearly this is an opportunity for visibility with mobileye, visibility to the market and shareholders visibility to the customers and increasing the visibility to the talent that we want as part of this great unit. today's an exciting day as we roll this out and obviously bringing it forward next year we think will be a great opportunity. this is such a unique asset, jim. it really pioneered the category and it's evolving to l-2, l-2 plus it's a powerful capability every car we believe will become av looking forward and this is the asset that will make av happen at scale. >> you have some great clients, bmw. ford that be a huge believer in this can you talk to people how this is a real company with massive sales. this is not a company where the

ceo pat gelsinger wants to bring more production but to the u.s. and europe -- back to the u.s. and europe as he tries to restore the world's largest chip maker to its former glory. for more let's bring in ian king. i miss you in san francisco but it is good to see you over here in the video verse. talk to us about these expansion plans. frankly, if it is coming soon enough? ian: if you are talking is it coming soon enough for the chip shortages right now, absolutely not. these factories take years. no help there. what gelsinger is doing is he has this very ambitious expansion plan. new business getting into competing with ts industry. he has competed that committed a lot of money that investors have not enjoyed reading about, 28 billion in next year. that is a big increase. if he can get government money in the u.s. or europe to pay for this, this will make this more palatable for investors and help him. taylor: we continue to go global in our discussion, ian. a social media backlash after sending a letter asking suppliers to avoid sourcing from the chinese region of xinjiang w

so talking to pat gelsinger a couple months ago and he seemed reluctant to spin it out but i guess intelill retain majority ownership here what do you see as the possibilities to continue mobileye's growth which has been impressive during this period? >> i think the key message here is that this ability we are at an inflection point. a lot of assets have been built during the past four years and not only that intel in-vooesed by acquiring mobileye, there have been a lot of investments one is the public acquisition of at the time move it for close to $1 billion and we have huge investments in building active sensors like imaging radars and very specia specialized technologies so a lot has been built and we are at an inflection point where we believe middle of 2022 where we'll launch first our robo taxi and all the deals that we have around it both for consumer economic cars, premium it is a huge growth that we have experience and a lot of value going forward. and what is missing is visibility and this is exactly what an ipo will provide mobileye and this value that will be created will be

let's turn to jared wisefeld, tech sector specialist what do you make of the move >> if you're pat gelsinger will help validate it they acquired the asset for $15 billion and now it has a $50 billion valuation. that would be quite strong with respect to the multiple paid it would probably be about 25 times revenue so that's a strong valuation. number two, it helps brings in proceeds from intel and so as you think about diversification efforts and getting capital in the door, it certainly helps not only did intel benefit on the news but you saw nvidia and marvell also gain on the news. you look at what this brings to intel, was this the right decision 100% it brings capital in the door. does this change the long-term trajectory is i not as much those shares continue to rise appreciably and that doesn't change the long-term trajectory of intel so there's certainly a lot of moving parts here. >> jared, this is nadine i have a question for you because i think you're alluding to this, which is they have aggressive capital spending plans, but that's just because they have been behind the curve ver

automotive is second worse to that pat gelsinger said we have the capacity, so move to it.people start designing chips where the -- capacity is so expensive u. you have some areas 60 nine ometers and looking for customer, and some areas shutting down plants because of a lack of supply >> t.j., that is a great gut check on where the industry stands, and as we enter another pivotal year, we look forward to checking in with you frequently in the year ahead. happy new year. >> thank you >>> t.j. rodgers still to come this morning, by the way, a reminder you can always get in on the investing club with jim cramer find out more at cnbc.c cnbc.c/iesngluomnvti cb, or point your phone at the qr code on the screen. we'll be right back. what does a foster kid need from you? to be brave. to show up. for staying connected. the questions they weren't able to ask. show up for the first day of school, the last day at their current address. for the mornings when everything's wrong. for the manicure that makes everything right, for right now. show up, however you can, for the foster kids who