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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total for
CEO
(1)
“Compensation
Actually
Paid” to
CEO
(3)
Average
Summary
Compensation
Table Total for
Non-CEO
NEOs
(2)
Average
“Compensation
Actually Paid” to
Non-CEO NEOs
(3)
Value of Initial
Fixed $100
Investment Based
On:
Total
TSR
(4)
PHLX
Semiconductor
Sector Index
(SOX) Total
TSR
Net
Income
(Loss)
(millions)
2024
$ 15,078,205 $ 44,435,030 $ 3,950,093 $ 5,218,571 $ 69.14 $ 215.32 $ (3,090)(5)
2023
$ 15,248,097 $ 86,931,357 $ 3,254,550 $ 8,063,657 $ 149.53 $ 175.44 $ (27)
2022
$ 45,219,678 $ 74,812,620 $ 4,760,015 $ 8,403,979 $ 121.02 $ 106.65 $ (82)
(1)
Prof. Amnon Shashua, in his capacity as CEO, is the Company’s principal executive officer for 2024. Compensation for our CEO reflects the amounts reported in the summary compensation table.
(2)
The remaining non-CEO named executive officers for 2024 are: Moran Shemesh Rojansky, Chief Financial Officer; Prof. Shai Shalev-Shwartz, Chief Technology Officer; Nimrod Nehushtan Executive Vice President, Business Development & Strategy; and Boaz Ouriel, Executive Vice President EPG Software. Compensation for our non-CEO named executive officers reflects the average of amounts reported in the summary compensation table.
(3)
Reflects the value of equity awards (RSUs) calculated in accordance with the SEC methodology for determining “compensation actually paid”. Pursuant to SEC rules, the PvP Table includes the change in fair value of multiple outstanding unvested equity awards for each year shown.
(4)
TSR represents cumulative TSR for the period commencing on October 26, 2022 until December 28, 2024. For the Peer Group, the TSR is a weighted peer group TSR.
(5)
The Net Income (Loss) for fiscal year ended December 28, 2024 was primarily the result of recording a $2,695 million ($2,613 million, net of tax) non-cash impairment of goodwill in the third quarter of 2024.
The Company does not use any financial performance measures to link executive compensation actually paid to Company performance, and as permitted by the SEC, is not required to disclose a “tabular list” of its most important financial performance measures.
   
Named Executive Officers, Footnote
(1)
Prof. Amnon Shashua, in his capacity as CEO, is the Company’s principal executive officer for 2024. Compensation for our CEO reflects the amounts reported in the summary compensation table.
(2)
The remaining non-CEO named executive officers for 2024 are: Moran Shemesh Rojansky, Chief Financial Officer; Prof. Shai Shalev-Shwartz, Chief Technology Officer; Nimrod Nehushtan Executive Vice President, Business Development & Strategy; and Boaz Ouriel, Executive Vice President EPG Software. Compensation for our non-CEO named executive officers reflects the average of amounts reported in the summary compensation table.
   
Peer Group Issuers, Footnote
(4)
TSR represents cumulative TSR for the period commencing on October 26, 2022 until December 28, 2024. For the Peer Group, the TSR is a weighted peer group TSR.
   
PEO Total Compensation Amount $ 15,078,205 $ 15,248,097 $ 45,219,678
PEO Actually Paid Compensation Amount 44,435,030 86,931,357 74,812,620
Non-PEO NEO Average Total Compensation Amount 3,950,093 3,254,550 4,760,015
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,218,571 8,063,657 8,403,979
Compensation Actually Paid vs. Total Shareholder Return
“Compensation actually paid” compared to TSR, and net income.
TSR and net income are some indicators of the Company’s overall financial performance that may impact the value of NEOs’ total compensation; however, other factors are considered in setting NEOs’ compensation. See the Compensation Discussion and Analysis section of this proxy statement for additional information.
Our cumulative TSR for the period commencing on October 26, 2022 until December 28, 2024 as reported in the table above was -30.86%. During this same period, the cumulative TSR of the companies in our Peer Group was 115.32%.
Our net loss has increased in 2024, as compared to 2023, primarily as the result of recording a $2,695 million ($2,613 million, net of tax) non-cash impairment of goodwill in the third quarter of 2024. In any event, TSR and net income are not used in the design of our executive compensation program; as a result, net income and TSR do not directly impact the amount of “compensation actually paid” to the NEOs.
   
Compensation Actually Paid vs. Net Income
“Compensation actually paid” compared to TSR, and net income.
TSR and net income are some indicators of the Company’s overall financial performance that may impact the value of NEOs’ total compensation; however, other factors are considered in setting NEOs’ compensation. See the Compensation Discussion and Analysis section of this proxy statement for additional information.
Our cumulative TSR for the period commencing on October 26, 2022 until December 28, 2024 as reported in the table above was -30.86%. During this same period, the cumulative TSR of the companies in our Peer Group was 115.32%.
Our net loss has increased in 2024, as compared to 2023, primarily as the result of recording a $2,695 million ($2,613 million, net of tax) non-cash impairment of goodwill in the third quarter of 2024. In any event, TSR and net income are not used in the design of our executive compensation program; as a result, net income and TSR do not directly impact the amount of “compensation actually paid” to the NEOs.
   
Total Shareholder Return Vs Peer Group
“Compensation actually paid” compared to TSR, and net income.
TSR and net income are some indicators of the Company’s overall financial performance that may impact the value of NEOs’ total compensation; however, other factors are considered in setting NEOs’ compensation. See the Compensation Discussion and Analysis section of this proxy statement for additional information.
Our cumulative TSR for the period commencing on October 26, 2022 until December 28, 2024 as reported in the table above was -30.86%. During this same period, the cumulative TSR of the companies in our Peer Group was 115.32%.
Our net loss has increased in 2024, as compared to 2023, primarily as the result of recording a $2,695 million ($2,613 million, net of tax) non-cash impairment of goodwill in the third quarter of 2024. In any event, TSR and net income are not used in the design of our executive compensation program; as a result, net income and TSR do not directly impact the amount of “compensation actually paid” to the NEOs.
   
Total Shareholder Return Amount $ 69.14 149.53 121.02
Peer Group Total Shareholder Return Amount 215.32 175.44 106.65
Net Income (Loss) $ (3,090,000,000) $ (27,000,000) $ (82,000,000)
PEO Name Prof. Amnon Shashua    
Goodwill, Impairment Loss $ 2,695,000,000    
Goodwill, Impairment Loss, Net of Tax $ 2,613,000,000