Amnon Shashua, the founder and CEO of Mobileye, is set to resign from his leadership role after almost 30 years, coinciding with the company’s advancements in robotaxi technology and humanoid robotics.

According to a regulatory document released Thursday, Shashua will continue as CEO until Mobileye finds a successor.

Mobileye originated by developing computer vision chips derived from Shashua’s academic work at Hebrew University in Israel, evolving into a key supplier of chips that enhance automotive safety and driver-assistance functionalities. It recorded the largest IPO ever in Israel, was bought by Intel in 2017 for $15.3 billion, and then re-emerged as a public entity in 2022, with Intel still holding the largest stake.

During Shashua’s tenure, Mobileye transitioned from merely supplying chips to automakers to creating its own systems capable of managing autonomous driving, which it currently provides to Volkswagen and its MOIA subsidiary.

In January, the firm purchased Shashua’s humanoid robotics venture, Mentee Robotics, for $900 million, which Shashua described as part of “Mobileye 3.0,” the upcoming stage of the company geared towards robotics and automotive artificial intelligence.

In June, Mobileye also announced plans to extend its role beyond that of a supplier by initiating its own robotaxi service in an American city by 2027.