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Mobileye CEO Shashua to Exit After 3 Decades
24 Jul
Summary
- Founder Amnon Shashua will step down as CEO as the company expands into robotaxis.
- Mobileye began as a computer vision chipmaker based on academic research.
- The company was acquired by Intel for $15.3 billion in 2017.
Mobileye founder and CEO Amnon Shashua has announced plans to step down from his leadership position after almost 30 years. He will continue as CEO until a successor is appointed.
Shashua's departure coincides with Mobileye's significant push into the robotaxi market and the acquisition of his humanoid robotics startup, Mentee Robotics, for $900 million. This move is part of "Mobileye 3.0," a new phase focused on robotics and automotive AI.
Founded on Shashua's academic research in computer vision chips, Mobileye became a key supplier for automotive safety features. The company had a historic IPO in Israel and was acquired by Intel for $15.3 billion in 2017 before becoming a public entity again in 2022.
Mobileye is set to launch its own robotaxi service in a U.S. city by 2027, signaling a move beyond its traditional supplier role.
