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

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.