Jun 6, 2023 /SemiMedia/ -- According to Bloomberg, Intel plans to sell some of its stake in Mobileye Global Inc. to raise about $1.48 billion for its chipmaking plans.

Intel recently launched a plan to regain the company's leading position in the semiconductor industry by building new factories and rapidly improving manufacturing technology.

Intel plans to invest as much as hundreds of billions of dollars in new factories. In addition to producing Intel's own chips, these factories will also provide foundry services for other companies.

The report pointed out that Intel will retain about 88% of Mobileye's shares after the sale of part of the shares.