Valens Semiconductor Ltd 6-K, filed Apr 22, 2025
Valens Semiconductor Ltd. (VLN)
About this 6-K
Valens Semiconductor Ltd filed this 6-K on April 22, 2025.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2025
Commission File Number: 001-40842
VALENS SEMICONDUCTOR LTD.
(Exact name of registrant as specified in its charter)
8 Hanagar St. POB 7152
Hod Hasharon 4501309
Israel
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
EXPLANATORY NOTE
The information in the attached Exhibit 99.1 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth herein or as shall be expressly set forth by specific reference in such a filing.
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TABLE OF CONTENTS
| ITEM | ||
| 99.1 | Press Release dated April 22, 2025 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| VALENS SEMICONDUCTOR LTD. | |||
| By: | /s/ Gideon Ben-Zvi | ||
| Name: | Gideon Ben-Zvi | ||
| Title: | Chief Executive Officer | ||
Date: April 22, 2025
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Exhibit 99.1
Valens Semiconductor and ESWIN Computing Partner to Bring a Joint MIPI A-PHY Offering for the China Market
HOD HASHARON, Israel and BEIJING, China, April 22, 2025 – Valens Semiconductor (NYSE: VLN) and ESWIN Computing today announced that they have partnered to bring a comprehensive suite of MIPI A-PHY solutions to the Chinese market. The partnership presents Chinese automakers the opportunity to source locally manufactured, production-ready MIPI A-PHY chipsets for both sensor and display connectivity. ESWIN Computing will demonstrate the joint solutions at Auto Shanghai, taking place on April 23 - May 2.
By leveraging Valens’ A-PHY expertise and technology, as a key contributor to the MIPI A-PHY standard and ESWIN Computing’s technological capabilities and deep market understanding, the two companies are uniquely positioned to support the growing demand for MIPI A-PHY products in China.
MIPI A-PHY is the first automotive industry standard developed for in-vehicle high-speed sensor and display connectivity. The standard has attracted a growing ecosystem that is designing products based on the MIPI A-PHY. Adoption of A-PHY has been notably swift in China, where seven silicon vendors have already completed interoperability testing. Valens is a leader in MIPI A-PHY, offering the first chipsets on the market to comply with the standard, the VA7000 Series, and the first to achieve design wins with OEMs.
“China is a key innovator in the automotive industry, and it is therefore no surprise that the MIPI A-PHY standard is seeing such rapid adoption there,” said Adar Segal, Head of Automotive Business at Valens Semiconductor. “MIPI A-PHY’s pace of adoption in China represents a huge business opportunity, and our partnership with an outstanding local company, ESWIN Computing, allows us to maximize this opportunity.”
“Partnering with Valens Semiconductor allows us to efficiently augment our A-PHY offering by adding a sensor connectivity component, ensuring that Chinese automakers have access to reliable, cost-competitive, high-performance connectivity for both sensors and displays,” said Weihao Hu, President & COO at ESWIN Computing. “We’re excited to showcase our full solution at Auto Shanghai and we look forward to cooperating with the wide community of Chinese automakers on this cutting-edge technology.”
About Valens Semiconductor
Valens Semiconductor (NYSE:VLN) is a leader in high-performance connectivity, enabling customers to transform the digital experiences of people worldwide. Valens’ chipsets are integrated into countless devices from leading customers, powering state-of-the-art audio-video installations, next-generation videoconferencing, and enabling the evolution of ADAS and autonomous driving. Pushing the boundaries of connectivity, Valens sets the standard everywhere it operates, and its technology forms the basis for the leading industry standards such as HDBaseT® and MIPI A-PHY. For more information, visit https://www.valens.com/.
About ESWIN Computing
ESWIN Computing is a pioneer driving the intelligence of all things in the AI era. With next-generation RISC-V computing architecture, innovative domain-specific algorithms and intellectual properties, ESWIN Computing develops efficient, open software and hardware platforms. Focusing on smart devices and embodied intelligence as two core application scenarios, ESWIN Computing delivers highly competitive and cost-effective system-level solutions to customers worldwide.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our anticipated future results, including financial results, our five-year plan, currency exchange rates, and contract wins, and future economic and market conditions. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Valens Semiconductor’s (“Valens”) management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Valens Semiconductor. These forward-looking statements are subject to a number of risks and uncertainties, including the cyclicality of the semiconductor industry; the effect of inflation and a rising interest rate environment on our customers and industry; the ability of our customers to absorb inventory; competition in the semiconductor industry, and the failure to introduce new technologies and products in a timely manner to compete successfully against competitors; if Valens fails to adjust its supply chain volume due to changing market conditions or fails to estimate its customers’ demand; disruptions in relationships with any one of Valens’ key customers; any difficulty selling Valens’ products if customers do not design its products into their product offerings; Valens’ dependence on winning selection processes; even if Valens succeeds in winning selection processes for its products, Valens may not generate timely or sufficient net sales or margins from those wins; sustained yield problems or other delays or quality events in the manufacturing process of products; our ability to effectively manage, invest in, grow, and retain our sales force, research and development capabilities, marketing team and other key personnel; our ability to timely adjust product prices to customers following price increase by the supply chain; our ability to adjust our inventory level due to reduction in demand due to inventory buffers accrued by customers; our expectations regarding the outcome of any future litigation in which we are named as a party; our ability to adequately protect and defend our intellectual property and other proprietary rights; our ability to successfully integrate or otherwise achieve anticipated benefits from acquired businesses; the market price and trading volume of the Valens ordinary shares may be volatile and could decline significantly; global political and economic uncertainty, including with respect to China-Taiwan relations; political, economic, governmental and tax consequences associated with our incorporation and location in Israel; and those factors discussed in Valens’ Form 20-F filed with the SEC on February 26, 2025 under the heading “Risk Factors,” and other documents of Valens filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Valens does not presently know or that Valens currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Valens’ expectations, plans or forecasts of future events and views as of the date of this press release. Valens anticipates that subsequent events and developments may cause Valens’ assessments to change. However, while Valens may elect to update these forward-looking statements at some point in the future, Valens specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Valens’ assessment as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Press Contacts
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
Yoni.dayan@valens.com
Hadley McKinnon
Senior Account Executive
Fusion PR
hadley.mckinnon@fusionpr.com
Investor Contacts
Michal Ben Ari
Investor Relations Manager
Valens Semiconductor Ltd.
michal.benari@valens.com
