After years of decline, Intel ($INTC) looks positioned for a comeback. Embracing opportunities in artificial intelligence (AI), strong

While chip stock Intel (INTC) has done quite a few things to raise cash as it struggles to regain its place in the chip market, one thing that it does not plan to do is sell off its stake in self-driving car technology firm Mobileye (MBLY).

Despite speculation to the contrary, Intel (NASDAQ:INTC) said on Wednesday that it has no current plans to divest its majority holding of autonomous driving company Mobileye (NASDAQ:MBLY). "As the majority shareholder in Mobileye,

Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving technology, easing investors’ fears.

Key Takeaways Intel 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.