Statement regarding Mobileye

Statement regarding Mobileye: Sept. 19, 2024 - As the majority shareholder in Mobileye (MBLY), Intel has an unwavering focus on value creation and are excited about the future of its business. We currently do not have any plans to divest a majority interest in the company. By providing Mobileye with separation and autonomy, we have enhanced its ability to capitalize on growth opportunities and accelerate its path to creating even greater value. We believe in the future of autonomous driving technology and in Mobileye's unique role as a leader in the development and deployment of advanced driver assistance systems (ADAS).

Forward-Looking Statements

This statement contains forward-looking statements, including with respect to Intel's intentions for its holding of Mobileye common stock and Mobileye's market opportunities, that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including as a result of changed circumstances for Intel or Mobileye that cause Intel to change its intentions, changes in the markets, regulations and competition for ADAS, and other risks and uncertainties described in Intel's 2023 Form 10-K and other filings with the SEC. All information in this statement reflects management's intentions and expectations as of the date of this statement, unless an earlier date is specified. We do not undertake, and expressly disclaim any duty, to update such statements, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law.

Released Sep 19, 2024 • 7:00 AM EDT