Intel Says It Won't Sell Mobileye, Ruling Out One Option To Raise Capital

Key TakeawaysIntel said it will not sell its majority stake in self-driving technology firm Mobileye.Selling part or all of Mobileye could have raised some capital as part of Intel's larger turnaround plans.Shares of Intel have lost more than half their value this year but are up this week following an update from CEO Pat Gelsinger. Intel (INTC) said Thursday it has no plans to sell its majority stake in self-driving technology firm Mobileye (MBLY), ruling out one potential cost-saving option for the beleag ...