Overview
- Mobileye will acquire Mentee Robotics for $900 million, comprising about $612 million in cash plus up to 26.2 million shares, with closing targeted for the first quarter of 2026.
- The deal was approved by Mobileye’s board and by Intel, and CEO Amnon Shashua, a Mentee co‑founder and major shareholder, recused himself from the board’s deliberations.
- Mentee will operate as an independent unit within Mobileye, which expects only a low‑single‑digit increase in 2026 operating expenses.
- Mentee says its simulation‑driven training converts a single human demonstration into millions of virtual repetitions, with proof‑of‑concept deployments planned for 2026 and series production targeted for 2028.
- Mobileye cites an eight‑year automotive revenue pipeline of about $24.5 billion and new EyeQ6H wins, including a 9‑million‑unit order from a top‑10 automaker and Volkswagen adoption, as its shares rose after the announcement.