Mobileye, Intel
SiliconANGLE · 13d
Intel reportedly weighing options for Mobileye stake, networking unit
The reports come a month after Intel announced plans to cut its operating costs by $10 billion next year. The move was a response to a disappointing earnings report that sent the chipmaker’s stock plummeting more than 20%. As part of the initiative, Intel plans to lay off about 15% of its workforce.
globes.co.il · 1d
Intel declares no plans to divest Mobileye majority stake
The share price of advanced driving assistance systems (ADAS) company Mobileye Global Inc. (Nasdaq: MBLY) is up 8% in premarket trading after Intel Corp. (Nasdaq: INTC) made it clear that it has no plans to divest its majority stake in the Israeli company.
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