Mobileye founder's decision to step down as CEO, weak forecast hit shares | WTVB

Mobileye founder Amnon Shashua is stepping down as CEO to focus on humanoid robotics development, whilst the company forecasts a 5-6% revenue drop for Q3, triggering a 15% single-day share fall. Shashua will transition to chairman and focus on longer-term innovation, including the $900m Mentee Robotics acquisition, whilst a new CEO will lead the established autonomous-driving and ADAS business.

This Wire brief sits within Fusion42's coverage of Robotics and Autonomous Vehicles. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.