but its parent held on to most of the stake. Intel did sell some of its holdings last year, though, raising about $1.5 billion from the deal. Mobileye’s market value is now about $11 billion ...

Intel said it will not sell its majority stake in self-driving technology firm Mobileye. Selling part or all of Mobileye could have raised some capital as part of Intel's larger turnaround plans.

Sept 19 (Reuters) - Intel (INTC.O), opens new tab said on Thursday it had no plans to sell its majority stake in Mobileye Global (MBLY.O), opens new tab, sending shares of the self-driving tech ...

Mobileye gains 14.99% to close at $13.35 on Thursday, marking its largest intraday jump since late October 2022. Intel holds an 88% stake in Mobileye. Mobileye gained 14.99% to close at $13.35 on ...

On top of that, Intel ... sell off its majority stake in Mobileye. That news is behind the surprising strength in shares of Intel stock (up 3% through 11:10 a.m. ET), and in Alphabet (up 1.8% ...

Mobileye shares, which have dropped 73 per cent this year, took a beating earlier in the month after Bloomberg News reported that Intel was looking to sell a portion of its stake in the company.

Intel could sell up to 88% of its stake in Mobileye, Bloomberg cites familiar sources. The company will decide this at Mobileye’s September board meeting in New York.

but its parent held on to most of the stake. Intel did sell some of its holdings last year, though, raising about $1.5 ...

(Reuters) -Intel said on Thursday it had no plans to sell its majority stake in Mobileye Global, sending shares of the self-driving tech firm up more than 8% in premarket trading. Mobileye shares ...

Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving ...