mobileye

7+ articles

ADAS AI AI industry Automotive Cost-cutting

Elon Musk's March 2026 Israel Visit Sets Stage for Robotics Revolution

Elon Musk is set to visit Israel in March 2026 to keynote the Smart Transportation Conference, focusing on the convergence of autonomy and robotics. This visit underscores Tesla's strategic pivot towards autonomous technology, with potential collaborations with Israel's robust tech ecosystem. Israeli companies are poised to benefit from this shift as Tesla's robotics and autonomy advancements are showcased. The visit also ties into broader business and political discussions, including implications for Musk's ventures like SpaceX and X.

Feb 11

Elon Musk's March 2026 Israel Visit Sets Stage for Robotics Revolution

Mobileye Global Inc. Tightens Belts: Announces 5% Layoff Amidst Challenging Market

Mobileye Global Inc. (NASDAQ: MBLY) announced a major restructuring plan, cutting 200 jobs, or 5% of its global workforce, with a focus on its Israel-based operations. This cost-cutting measure is in response to decreased demand in advanced driver-assistance systems and delayed launches impacting the company's stock value, which dropped over 40% year-to-date. While bracing for a tough transition year in 2025, Mobileye is making strategic hires to support future technology goals, including robotaxi advancements for 2026.

Dec 29

Mobileye Global Inc. Tightens Belts: Announces 5% Layoff Amidst Challenging Market

Israeli Tech Industry Faces Turbulent Transition: End-of-Year Layoffs Hit Hard

As 2025 draws to a close, the Israeli tech industry is dealing with a fresh wave of layoffs. Major players, including Mobileye and HP Israel, are reducing their workforce in a bid to adapt to global economic pressures and drive efficiency. This marks the fifth round of layoffs since 2022, highlighting ongoing structural changes in the sector.

Dec 11

Israeli Tech Industry Faces Turbulent Transition: End-of-Year Layoffs Hit Hard

Intel Shifts Gears: Exits Automotive Division Amid Strategic Overhaul

In a significant strategic pivot, Intel has announced its decision to close its automotive division, including layoffs, to refocus on its core businesses. Despite previous hefty investments in self-driving technology, Intel is reprioritizing to strengthen its client and data center portfolio amidst declining sales and an uncertain market.

Jun 27

Intel Shifts Gears: Exits Automotive Division Amid Strategic Overhaul

Intel Hits the Brakes on Automotive Division Amid Restructuring

In a bold move of strategic realignment, Intel is set to close its automotive division, resulting in widespread layoffs as the tech giant shifts focus back to core client and data center products. While honoring existing automotive commitments, Mobileye remains unaffected by this restructuring. With industry buzz and public reactions remaining mixed, Intel charts a new course towards profitability and innovation.

Jun 27

Intel Hits the Brakes on Automotive Division Amid Restructuring

Intel Hits Reverse: Shuts Down Automotive Division Amid Restructuring

Intel's venture into the automotive sector hits the brakes as the company shuts down its automotive business amid a massive restructuring effort. This decision, part of CEO Lip-Bu Tan's strategy to streamline operations, comes in response to plummeting sales and a dour economic outlook. The division, which wasn't a major revenue driver, will see the majority of its employees laid off, although Intel will continue to honor existing customer commitments. The tech giant's stake in Mobileye remains unaffected.

Jun 26

Intel Hits Reverse: Shuts Down Automotive Division Amid Restructuring

Second Wave of Layoffs: Innoviz Technologies Trims Workforce by 9% Amid Financial Pressures

Israeli lidar manufacturer Innoviz Technologies announces its second round of workforce reductions in a year, cutting 9% of its staff to focus on high-return projects and financial stability. Despite striking deals with big names like Volkswagen and Mobileye, the company faces financial hurdles and pressure to pivot towards profitable endeavors.

Feb 4

Second Wave of Layoffs: Innoviz Technologies Trims Workforce by 9% Amid Financial Pressures