MOBILEYE CEO SHASHUA STEPS ASIDE FOR ROBOTAXI PUSH

Shashua founded Mobileye in 1999 and built it into a leader in autonomous vehicle technology before Intel acquired the company for $15.3 billion in 2017. His shift to the chairman role signals a leadership transition as Mobileye expands beyond its core driver-assistance business. The move comes as Mobileye intensifies efforts in robotaxi development and robotics applications. The company has been testing autonomous vehicles and competing with other firms pursuing robotaxi commercialization. Shashua's transition to chairman suggests the company is seeking new leadership for the CEO position to drive the next phase of growth. His move to the board allows him to remain involved in strategic direction while stepping back from day-to-day operations. Mobileye operates as a subsidiary within Intel, which has been investing heavily in autonomous driving and AI capabilities as part of its broader strategy beyond traditional processors.