Mobileye CEO Amnon Shashua to step aside as company pushes into robotaxis, robotics
Quick Answer
Mobileye CEO Amnon Shashua will step down as the company transitions into robotaxis and robotics, following nearly 30 years of leadership.
Quick Take
Mobileye, known for its computer vision chips, is set to launch its own robotaxi service in 2027 and has recently acquired Mentee Robotics for $900 million to enhance its robotics capabilities.
Key Points
- Amnon Shashua will remain CEO until a replacement is found.
- Mobileye was acquired by Intel for $15.3 billion in 2017.
- The company plans to launch a robotaxi service in 2027.
- Mobileye acquired Mentee Robotics for $900 million in January.
- Mobileye is evolving into robotics and automotive AI with 'Mobileye 3.0'.
📖 Reader Mode
~2 min readIn Brief
Posted:
Mobileye founder and CEO Amnon Shashua plans to step down from the top leadership post after nearly three decades, just as the company pushes into robotaxis and humanoid robots.
Shashua will remain CEO until Mobileye hires a replacement, according to a regulatory filing Thursday.
Mobileye got its start making computer vision chips based on Shashua’s academic research at Hebrew University in Israel, and grew into a major supplier of the chips that power automotive safety and driver-assistance features. It had the largest IPO in Israel’s history, was acquired in 2017 by Intel for $15.3 billion, then spun back out as a publicly traded company in 2022, though Intel remains its largest shareholder.
Under Shashua, Mobileye also moved beyond selling chips to automakers and began building its own systems that handle 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 called part of “Mobileye 3.0,” the next phase of the business focused on robotics and automotive AI.
Mobileye also said in June it would expand beyond its supplier status to launch its own robotaxi service in a U.S. city in 2027.
Topics
Subscribe for the industry’s biggest tech news
Latest in Transportation
— Originally published at techcrunch.com
Want this in your inbox every morning?
Daily brief at your local 8am — bilingual EN/中文, free.
More from TechCrunch
See more →
AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors
AI chip startup Etched has achieved a $10.3 billion valuation after a $300 million Series C funding round, led by Sequoia and supported by notable investors like Andreessen Horowitz. The company claims to have developed innovative low-voltage chips for AI inference, significantly enhancing performance and reducing costs, with $1 billion in orders already booked.
