Intel Says It Has No Plans to Divest Majority Stake in Mobileye

Eyeing growth in automated driving

Intel Corp. has no plans to divest its majority stake in Mobileye, the Israeli maker of self-driving car technology, as it sees significant growth potential in the automated driving market.

Intel acquired Mobileye in 2017 for $15.3 billion, and the company has since become a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies.

In a recent interview with Reuters, Intel CEO Pat Gelsinger said that the company is "very committed" to Mobileye and that it sees the company as a key part of its long-term growth strategy.

Mobileye's technology is used in millions of vehicles

Mobileye's technology is used in millions of vehicles around the world, and the company has partnerships with major automakers such as General Motors, Volkswagen, and BMW.

The company's ADAS systems are designed to help drivers avoid accidents by providing warnings about potential hazards, such as lane departures, forward collisions, and pedestrian crossings.

Mobileye is also developing autonomous driving technologies, which are expected to play a major role in the future of transportation.

Intel's investment in Mobileye is a sign of its commitment to the automated driving market

Intel's investment in Mobileye is a sign of its commitment to the automated driving market, which is expected to grow rapidly in the coming years.

According to a report by McKinsey & Company, the market for automated driving technologies is expected to reach $60 billion by 2030.

Intel is betting that Mobileye will be a major player in this market, and the company's investment is a sign of its confidence in the company's technology and its leadership team.

Conclusion

Intel's decision to retain its majority stake in Mobileye is a sign of the company's confidence in the automated driving market.

Mobileye is a leader in the development of ADAS and autonomous driving technologies, and Intel believes that the company will be a key part of its long-term growth strategy.