Intel Divests from Movella
Punti chiave:
- Intel sold all 130,000 shares in Movella Holdings
- Movella faced Nasdaq listing compliance issues in 2024
In the fourth quarter of 2023, Intel Corporation divested its investment in Movella Holdings, a sensor technologies manufacturer. This divestment involved the sale of all 130,000 shares that Intel held in the company.
In 2024, Movella Holdings experienced a significant decline in its market value. Additionally, the company faced compliance issues with Nasdaq listing rules.