Key facts
- Mobileye founder Amnon Shashua plans to step down as CEO.
- A successor is being sought by an executive search firm.
- Shashua has been offered the role of chairman.
- Mobileye reported Q2 revenue of $508 million, exceeding estimates.
- The company's shares rose 8% in premarket trading.
Mobileye founder and CEO Amnon Shashua plans to step down from his leadership post after nearly three decades, as the company expands its focus into robotaxis and humanoid robots. Shashua will continue as CEO until a replacement is hired, and has been offered the role of chairman. The company, which began with computer vision chips based on Shashua's academic research, was acquired by Intel in 2017 and later spun out as a public company in 2022, with Intel remaining its largest shareholder. Under Shashua, Mobileye has moved beyond chip supply to developing its own autonomous driving systems and acquired his robotics startup, Mentee Robotics, for $900 million. Mobileye also plans to launch its own robotaxi service in a U.S. city in 2027. The company reported second-quarter revenue of $508 million, exceeding LSEG's estimates of $481.24 million, and its shares rose 8% in premarket trading.