Intel says it has no plans to divest majority stake in Mobileye 

Reuters reported that Intel decided not to divest its majority stake in Mobileye, leading to a 16% surge in the Israeli company’s shares. Despite previous reports of Intel looking to sell part of its stake, Mobileye has seen a 73% drop in shares this year. Intel acquired Mobileye for $15.3 billion in 2017, but later relisted its shares through an IPO.

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