05:04 AM EDT, 09/06/2024 (MT Newswires) -- Intel ( INTC ) is considering selling its 88% stake in automated driving systems provider Mobileye Global ( MBLY ) , Bloomberg reported Thursday, citing people familiar with the matter.

It is considering selling some or all of its stake via a public offering or a private sale, the report said.

Intel ( INTC ) sold part of its Mobileye stake last year for about $1.5 billion, Bloomberg reported.

Intel ( INTC ) and Mobileye did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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