Intel Corp. is considering options for its stake in its struggling automated driving systems provider Mobileye Global Inc. as part of a major strategy overhaul, people with knowledge of the matter said.

U.S.-listed shares of Mobileye Global fell 4% in premarket trading on Friday.

The chipmaker could offload some of its 88% holding in Mobileye on the public market or via a sale to a third party, according to the people, who asked not to be identified because the information was private. Mobileye has a board meeting later this month in New York, where Intel ’ s plans will be considered, one of the people said.

Founded in 1999, Mobileye provides software and hardware for self-driving systems. The Jerusalem-based company went public via a US initial public offering in 2022. Intel sold part of its stake in Mobileye last year, raising about $1.5 billion from the deal.