Shares of Intel (NASDAQ: INTC) climbed on Tuesday after the semiconductor giant announced plans to take its Mobileye autonomous vehicle business public.
As of 2:55 p.m. ET, Intel's stock price was up nearly 4%.
Intel acquired Mobileye in 2017. The Israel-based company is a leading provider of advanced driver assistance and self-driving technology. It has relationships with over 30 automakers and expects to generate revenue growth of more than 40% this year.
Source Fool.com