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Headlines
09:40
The layoffs sweeping Israeli tech may only be the beginning
00:17
SentinelOne shares tumble after layoffs and weak forecast overshadow earnings
21:48
Anthropic closes colossal $65 billion funding round at $900 billion valuation
20:26
Black Thursday: Israeli tech reels as Wix, Amdocs, Rapyd and SentinelOne cut jobs
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1
Israel’s Iron Beam laser system sits idle despite war: “Appropriate, professional steps are being taken”
2
Cyber firm SentinelOne set to lay off hundreds of employees
3
Thousands of foreign workers caught in collapse of Israeli money transfer company
4
Israeli ministries join opposition to $4.2 billion Zim-Hapag deal
5
Amdocs prepares major layoffs as new CEO launches sweeping reorganization
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Mobileye
20 stories about Mobileye
Mobileye ends brutal year with 20% revenue decline and $3 billion loss
30.01.25
|
Sophie Shulman
Stock sinks as investors react to weak earnings and ongoing market challenges.
A quarter century of exits: The top 10 M&As in Israeli tech
30.12.24
|
CTech
From autonomous vehicles to cybersecurity, these landmark acquisitions since the turn of the century highlight Israel’s pivotal role in shaping global tech innovation and the growing influence of its startups in key industries.
Lyft partners with Israeli companies Mobileye and Nexar to offer autonomous mobility at scale
06.11.24
|
James Spiro
The partnerships aim to establish a foothold in the autonomous vehicle market starting in Atlanta next year.
Mobileye defies expectations with revenue growth despite $2.6 billion write-off
31.10.24
|
Sophie Shulman
With an unexpected revenue boost, Mobileye aims to regain investor confidence despite a $2.6B hit.
China’s autonomous car market eyes Israel with suspicion amid technology security fears
29.10.24
|
Tomer Hadar
As Chinese companies rise in smart driving, accusations against Israeli firms intensify, sparking nationalistic backlash.
Intel denies Mobileye sell-off, shares rebound despite ongoing troubles
19.09.24
|
CTech
Mobileye stock rises after Intel rules out divesting its stake, amid operational challenges.
Mobileye drops lidar development, axes 100 jobs to save $60M
09.09.24
|
Sophie Shulman
Cost-saving measures and evolving technologies force the autonomous leader to rethink sensor strategies.
Salesforce’s $2B Own buyout and Tower’s India move show Israel’s strength—and its vulnerabilities
08.09.24
|
Sophie Shulman
Why Israeli high-tech’s global success may come at a cost to the local economy.
Intel weighs selling part of Mobileye to raise much-needed capital
06.09.24
|
CTech
Amid revenue declines and market pressures, Intel is considering selling part of its 88% stake in the Israeli automated driving systems provider.
Mobileye’s China gamble backfires: How chaos in the world’s largest car market cut its value by two-thirds
01.09.24
|
Sophie Shulman
Dependence on China has turned into a nightmare for the autonomous vehicle leader.
The highs and lows of Amnon Shashua's tech empire
11.08.24
|
Sophie Shulman
Why the tech visionary behind Mobileye is facing his toughest business challenges yet.
Mobileye founder Shashua acquires $10.4M-worth of shares after stock crashes
06.08.24
|
CTech
The autonomous vehicle systems manufacturer's market cap is at an all-time low of $12.24 billion after its shares fell by almost 50% in the past three months, and by nearly 65% since the start of the year.
Mobileye shares crash on disappointing results, 2024 guidance cut
01.08.24
|
Sophie Shulman
The autonomous vehicle systems manufacturer has lowered its forecast for the second half of the year after recording an operating loss of $94 million in the second quarter, almost three times that of the corresponding quarter last year, and a net loss of $86 million.
Mobileye’s Moovit cutting 10% of staff
19.06.24
|
CTech
Around 20 employees are being let go by the company, which was acquired for $1 billion four years ago
Mobileye first quarter revenue falls by almost 50% as clients cut back on spending to clear excess stock
25.04.24
|
CTech
The Israeli company said net loss widened to $218 million in the quarter from $79 million a year ago, weighed down by a slump in sales
Mobileye shares rise after securing order to ship at least 46 million new assisted driving chips
17.04.24
|
Reuters
The EyeQ6 Lite system is Mobileye's mass-market product for vehicles with some assisted driving features, such as automated cruise control and lane-changing, but not designed to power ones with higher levels of automation that allow drivers to take their hands off the wheel and eyes off the road
128,000 square meters, a hair salon and a basketball court: Mobileye opens new Jerusalem headquarters
27.03.24
|
Sophie Shulman
2,700 Mobileye employees in Jerusalem are moving to the company's new campus, which in addition to the usual high-tech perks such as a gym, will also include a convenience store, running track, service points for leasing vehicles, and nursing rooms
Volkswagen to integrate Mobileye systems in new Audi, Bentley, Lamborghini and Porsche models
20.03.24
|
Sophie Shulman
Mobileye will provide technologies for partially and highly automated driving based on its SuperVision and Chauffeur platforms
Mobileye still searching for light at the end of the tunnel despite layoffs
19.03.24
|
Sophie Shulman
The autonomous vehicle company laid off 130 people after closing its aftermarket division
Mobileye closing aftermarket division, laying off 130 employees
18.03.24
|
Meir Orbach
The unit that provides retrofitted advanced driver assistance technology has seen its revenues decline meaningfully to roughly $40 million on an annual basis, and in recent years has not positively contributed to Mobileye profitability
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