That majority shareholder is Intel Corp. which is struggling to get back on track after a series of technological missteps. Intel is also in the midst of a costly bid to regain manufacturing leadership and to serve as a foundry that makes chips for other semiconductor companies.

Intel stock (INTC) popped 6% early on Sept. 17 after the chip maker announced plans to separate its foundry business into an independent unit with its own board and the ability to raise outside capital.

Autonomous driving stock Mobileye (MBLY) is surging higher today after assurances from majority stakeholder Intel (INTC)