Intel will shut down its small automotive business and lay off the majority of the workers in that segment, the latest step in the chipmaker’s dramatic downsizing.

Intel also acquired the self-driving car technology company Mobileye for $15 billion in 2017. Mobileye later went public as a standalone company, but Intel still owns a majority s

Intel is shuttering its automotive architecture business and laying off most of its staff as part of a broader restructuring at the chipmaker. The news was first reported by The Oregonian/Oregon Live,