Public announcements from Intel, financial news sources like Bloomberg or Reuters

Intel Considers Selling Part of Its 88%-90% Stake in Mobileye

Sep 5, 2024, 09:27 PM

Intel is considering the sale of part of its stake in Mobileye, its struggling automated driving systems provider. The chipmaker currently holds approximately 88% to 90% of Mobileye. The potential sale could be executed on the public market or through a transaction with a third party. This move is part of a broader strategic review by Intel as it looks to optimize its portfolio, Bloomberg reports.