07:57 AM EDT, 09/19/2024 (MT Newswires) -- Intel ( INTC ) said Thursday it currently has no plans to divest its majority stake in Mobileye.

Earlier this month Bloomberg reported that Intel ( INTC ) was considering selling a part of its stake in the autonomous driving company.

Intel ( INTC ) said providing Mobileye with separation and autonomy has enhanced its ability to seize growth opportunities and greater value creation.

"We believe in the future of autonomous driving technology and in Mobileye's unique role as a leader," Intel ( INTC ) said in statement.

Intel ( INTC ) shares were 2% higher in recent premarket trading.

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