“As the majority shareholder in Mobileye, Intel has an unwavering focus on value creation and are excited about the future of its business,” the company said in a statement posted to its website. “We currently do not have any plans to divest a majority interest in the company.”
“By providing Mobileye with separation and autonomy, we have enhanced its ability to capitalize on growth opportunities and accelerate its path to creating even greater value. We believe in the future of autonomous driving technology and in Mobileye’s unique role as a leader in the development and deployment of advanced driver assistance systems (ADAS).”
Mobileye shares are up more than 15% on Thursday.
https://www.intc.com/news-events/press-releases/detail/1711/statement-regarding-mobileye
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