Mobileye and Intel shares have both been under heavy pressure this year, but Intel says it has no current plans to sell its majority stake, as some had feared.

Intel’s partnership with AWS is part of the chipmaker’s attempt to play catch-up. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement.

The announcement comes after Intel secured up to $3 billion in direct funding under the US CHIPS and Science Act.