Daily Poll: By unloading Mobileye,Intel will become more powerful.

$Intel (INTC.US)$ has announced that it plans to list Mobileye, the Israeli autonomous driving firm it acquired in 2017. 

Intel stock climbed 3.1%, closing at 52.57 on Tuesday.

Intel will keep most of the money it raises next year, targeting some of those funds to build more Intel chip plants. 
Intel is investing $20 billion to build new factories in Arizona. The cash from Mobileye would be helpful in seeing those projects through. 

$Intel (INTC.US)$ stock has up 6% this year. 

  $PHLX Semiconductor Index (.SOX.US)$ has up 45%

$NVIDIA (NVDA.US)$ has up 147%

$Advanced Micro Devices (AMD.US)$ has up 57%

$Taiwan Semiconductor (TSM.US)$ has up 9.5%

Source:
Why Intel is unloading Mobileye