Mobileye CEO Amnon Shashua is stepping aside as the company moves toward robots and robotics

Mobileye founder and CEO Amnon Shashua plans to step down from the top leadership role after nearly three decades, just as the company moves toward taxis and humanoid robots.

Shashua will remain CEO until Mobileye appoints a replacement, according to a regulatory filing on Thursday.

Mobileye began manufacturing computer vision chips based on academic research conducted by Shashua at Hebrew University in Israel, and has grown into a major supplier of chips that support automotive safety and driver-assistance features. It had the largest initial public offering in Israel’s history, being acquired by Intel in 2017 for $15.3 billion, then returning as a publicly traded company in 2022, although Intel remains its largest shareholder.

Under Shashua’s leadership, Mobileye has also moved beyond selling chips to automakers and begun building its own systems that handle autonomous driving, which it now supplies to Volkswagen and its subsidiary MOIA.

In January, the company acquired Shashua’s humanoid robotics startup Mentee Robotics for $900 million, which Shashua described as part of “Mobileye 3.0,” the next phase of the business focused on robotics and artificial intelligence in cars.

Mobileye also said in June that it would expand beyond being a supplier to launch its own robotaxi service in a US city in 2027.