Overview
- Mobileye agreed to acquire Mentee Robotics for about $900 million, comprising roughly $612 million in cash plus up to 26.2 million shares, with closing targeted for the first quarter of 2026.
- The deal received approvals from Mobileye’s board and major shareholder Intel, with CEO Amnon Shashua recused from board deliberations, and Mentee set to operate as an independent unit within Mobileye.
- Mobileye positions the move as a push into Physical Artificial Intelligence that pairs its automotive autonomy stack with Mentee’s humanoid platform to extend perception, planning and control into real‑world robotics.
- Mentee touts a simulation‑first, language‑enabled approach that converts a single human demonstration into millions of virtual repetitions, with a public demo showing a robot fetching a can, proof‑of‑concept deployments planned for 2026, and series production targeted for 2028.
- Mobileye says 2026 operating expenses will rise modestly by a low‑single‑digit percentage, as the company leans on a $24.5 billion automotive pipeline and a new EyeQ6H ADAS win that helped lift the stock.