Intel addressed reports that the company is considering selling shares of Mobileye, a driverless car company, of which Intel is a major shareholder, confirming that there are currently no plans to sell any shares.
Intel stated that Mobileye is now a separate entity from Intel, focusing on the development of driverless cars, with significant growth potential. Mobileye is a leader in ADAS technology, providing driver assistance systems.
Previously, Intel announced plans to enhance operational efficiency, such as separating chip manufacturing businesses and delaying factory expansions in Europe, without mentioning Mobileye.
Source: Intel
TLDR: Intel is not planning to sell shares of Mobileye, a driverless car company it is a major shareholder of, as Mobileye focuses on developing driverless cars and leading in ADAS technology.
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