Business
Intel CEO Pat Gelsinger buys Intel stock, Mobileye
Intel
CEO Pat Gelsinger recently bought a stake in the chip giant he leads, but he’s spent more on shares of the recent split.
Mobileye
developing autonomous driving technology.
Gelsinger paid $2.5 million on October 28 for 120,000 shares of Mobileye (ticker: MBLY) at an IPO price of $21 per share. a profile with the Securities and Exchange Commission. Gelsinger serves as Chairman of Mobileye. He also paid a tenth of that, $250,000, on October 31 for 8,830 Intel (INTC) shares, the average price per share is $28.16. Gelsinger currently owns 96,049 shares of Intel directly and another 266,530 through a trust fund.