Mobileye CEO Amnon Shashua to Step Down Amid Robotaxi and Robotics Push
Amnon Shashua, founder and CEO of automotive technology company Mobileye, will step down from his leadership role as the company expands into robotaxis and robotics.
Mobileye founder and CEO Amnon Shashua plans to step down from the company's top leadership role after nearly three decades. The transition occurs as Mobileye intensifies its focus on robotaxis and robotics.
Shashua will continue as CEO until a successor is appointed, according to a regulatory filing made on Thursday. Mobileye, which originated from Shashua's academic research in computer vision, has become a significant supplier of chips for automotive safety and driver-assistance systems. The company had Israel's largest IPO and was acquired by Intel in 2017 for $15.3 billion, before being spun out as a public company again in 2022. Intel remains its largest shareholder.
Under Shashua's leadership, Mobileye expanded its business beyond supplying chips to developing its own autonomous driving systems, which are now supplied to Volkswagen and its MOIA subsidiary. In January, the company acquired Shashua's humanoid robotics startup Mentee Robotics for $900 million, a move Shashua described as part of "Mobileye 3.0," the company's next phase focused on robotics and automotive AI.
Furthermore, Mobileye announced in June its intention to move beyond a supplier role and launch its own robotaxi service in a U.S. city by 2027. Shashua's departure from the CEO position signifies a strategic shift as the company aims to grow in new areas of robotics and autonomous driving.