Mobileye disclosed that founder and CEO Amnon Shashua plans to end his nearly 30-year tenure as CEO, but will remain in his position until a successor is found. This personnel change comes as the company continues to shift its business focus towards autonomous driving, Robotaxi, and robotics.
Continue in office until a successor is determined
According to regulatory filings submitted Thursday, Shashua will not leave management immediately, but will complete the handover once a new CEO is in place. For Mobileye, this means that the founding team will remain in charge in the short term as the company moves into the next phase of its business.
Mobileye started with automotive vision chips, with the technology originating from Shashua's academic research at the Hebrew University of Jerusalem. The company subsequently grew into a major supplier of automotive safety and driver assistance chips.
From chip supplier to autonomous driving system
During Shashua's tenure, Mobileye's business expanded beyond selling chips to automakers to include developing complete systems capable of performing autonomous driving tasks. These systems are currently supplied to Volkswagen and its mobility subsidiary, MOIA.
The company's development path has also involved multiple capital operations. Mobileye once set the record for the largest IPO in Israeli history, was acquired by Intel for $15.3 billion in 2017, and was spun off again in 2022, but Intel is still its largest shareholder.
Robotics business enters the next stage
In January of this year, Mobileye acquired Mentee Robotics, the humanoid robotics company founded by Shashua, for $900 million. Shashua referred to the deal at the time as part of "Mobileye 3.0," pointing to the next phase of its strategy in robotics and automotive AI.
In addition to robots, the company is also advancing its own Robotaxi plan. In June of this year, Mobileye stated that it will no longer only play the role of a supplier in the future, and plans to launch its own Robotaxi service in a U.S. city in 2027.
This means that Mobileye is attempting to transform itself from a traditional automotive technology supplier into a company that simultaneously covers autonomous driving operations and robotics businesses. This CEO handover also occurred during this transformation process.
