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Intel to Record Shares in Mobileye Unit

Intel to Record Shares in Mobileye Unit

Intel Corp. is planning to publicly record shares in its Mobileye self-driving-car unit, in keeping with folks aware of the matter, the newest transfer by Chief Government Pat Gelsinger to revive the semiconductor big’s fortunes.

The corporate is anticipated to announce the transfer, which might worth Mobileye at north of $50 billion, as quickly as this week, the folks stated.

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