Mobileye founder and CEO Amnon Shashua will step down from his position, according to a regulatory filing on Thursday, as the company pushes into robotaxis and humanoid robots. This development comes after nearly three decades of leadership under Shashua, who will remain in his role until a replacement is hired.

Mobileye's Expansion into Robotaxis and Robotics

Mobileye, which started by making computer vision chips based on Shashua's academic research at Hebrew University in Israel, has grown into a major supplier of chips powering automotive safety and driver-assistance features. The company had the largest IPO in Israel's history and was acquired by Intel in 2017 for $15.3 billion, before being spun back out as a publicly traded company in 2022, with Intel remaining its largest shareholder.

Under Shashua's leadership, Mobileye has moved beyond selling chips to automakers and begun building its own systems for autonomous driving, which it now supplies to Volkswagen and its MOIA subsidiary. In January, the company acquired Shashua's humanoid robotics startup Mentee Robotics for $900 million, which Shashua described as part of "Mobileye 3.0," the next phase of the business focused on robotics and automotive AI.

Future Developments and Key Statistics

In June, Mobileye announced plans to expand beyond its supplier status and launch its own robotaxi service in a U.S. city in 2027. Key statistics include the company's $15.3 billion acquisition by Intel in 2017 and the $900 million acquisition of Mentee Robotics in January. As the company navigates this transition, readers should watch for updates on the appointment of a new CEO and the progress of Mobileye's robotaxi service launch.

As Mobileye continues to evolve, its commitment to automotive AI and robotics remains a key aspect of its growth strategy. According to the company's plans, the next phase of its business will focus on these areas, with the goal of launching its robotaxi service in the near future.

What's Next for Mobileye

With Shashua's decision to step down, Mobileye is poised for a new chapter in its development. As the company searches for a new CEO, readers can expect further updates on its expansion into robotaxis and robotics. The future of Mobileye will likely be shaped by its continued investment in automotive AI and its ability to navigate the evolving landscape of the industry.

  • Mobileye's largest IPO in Israel's history
  • $15.3 billion acquisition by Intel in 2017
  • $900 million acquisition of Mentee Robotics in January
  • Launch of robotaxi service in a U.S. city in 2027