Overview
- The purchase price includes about $612 million in cash plus up to 26.2 million Mobileye shares.
- Mobileye’s board and Intel approved the transaction, and Amnon Shashua recused himself because he co-founded and chairs Mentee.
- Closing is targeted for the first quarter of 2026, Mentee will operate as an independent unit, and Mobileye expects a modest increase in 2026 operating expenses.
- Mentee asserts a training method that turns a single human demonstration into millions of virtual repetitions, with proof-of-concept deployments aimed for 2026 and series production targeted for 2028.
- Mobileye cites an eight-year automotive revenue pipeline of $24.5 billion and recent EyeQ6H Surround ADAS wins as resources to support the expansion into robotics.