Valens Semiconductor Ltd 6-K, filed Nov 9, 2021
Valens Semiconductor Ltd. (VLN)
About this 6-K
Valens Semiconductor Ltd filed this 6-K on November 9, 2021.
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 November 2021
Commission File Number: 333-257176
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 | ☐ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Yes | ☐ | No | ☒ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Yes | ☐ | No | ☒ | |
EXPLANATORY NOTE
The information in the attached Exhibits 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.
TABLE OF CONTENTS
| ITEM | |
| 99.1 | Press Release dated November 9, 2021 |
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/ Dror Heldenberg | ||
| Name: | Dror Heldenberg | ||
| Title: | Chief Financial Officer | ||
Date: November 9, 2021
Exhibit 99.1
Valens Partners with LG Innotek (LGIT) to Bring MIPI A-PHY-Compliant SiP Modules to Market
Collaboration will result in increased flexibility for OEMs and Tier 1s integrating A-PHY into their product lines
HOD HASHARON, Israel, November 9, 2021 -- Valens Semiconductor (NYSE: VLN), a premier provider of high-speed connectivity solutions for the audio-video and automotive markets, today announced that it has entered into a partnership with LG Innotek (KRX: 011070) to supply system-in-package modules for MIPI A-PHY compliant chipsets.
A-PHY is a long-reach serializer-deserializer (SerDes) physical layer interface for multi-gig automotive applications. It was released by the MIPI Alliance in September 2020 as a standard seeking to simplify the integration of cameras, sensors and displays in vehicles, while also incorporating functional safety and security. After Valens taped out its VA70XX chipset family, LGIT’s modules will be a second source of A-PHY set to be integrated into automotive Tier 1s and OEM systems.
LGIT and Valens signed a memorandum of understanding to develop A-PHY-compliant products last year. The two companies have since been working closely together to lay the groundwork for production of the modules and have already created and tested the first working prototype parts in a laboratory setting.
“Following endorsements from major automotive players, including sensor manufacturers and Tier-1 suppliers, A-PHY has now achieved a second-source supply,” said Gideon Kedem, SVP and Head of Automotive at Valens. “It is clear that the automotive ecosystem is coalescing around this standard and it is our joint belief that A-PHY will soon become the dominant connectivity solution in cars around the world.”
“The automotive market is racing towards standardization, and A-PHY is far and away the leading connectivity solution,” said Insoo Ryu, VP, Head of the Automotive Components & Electronics Business Division at LG Innotek. “LG Innotek’s SiP modules will be at the forefront of A-PHY-based technological innovation. We’re proud to partner with Valens, an early pioneer of A-PHY technology, to bring these modules to market.”
About Valens Semiconductor
Valens (NYSE: VLN) is a leading provider of semiconductor products, pushing the boundaries of connectivity by enabling long-reach, high-speed
data and uncompressed video transmission for the audio-video and automotive industries. Valens' Emmy® award-winning HDBaseT technology
is the leading standard in the professional audio-video market with tens of millions of Valens' chipsets integrated into thousands of
HDBaseT-enabled products. Valens Automotive is a key enabler of the evolution of autonomous driving, providing chipsets that are on the
road in vehicles around the world. The underlying technology has been selected to become the basis for MIPI A-PHY, the global standard
for automotive connectivity.
Founded in 2006, Valens is based in Hod Hasharon, Israel, with offices in the US, Europe and Asia. For more information: www.valens.com
About LG Innotek Co., Ltd.
LG Innotek is a cutting-edge materials and components manufacturer and an affiliate of the LG group. The company's business units include core components for mobiles, automotive, display, semiconductors, and IoT. Furthermore, the company has cooperated closely with the mobile devices, home appliances, and automotive companies, producing camera modules, automotive electronic components, wireless communication modules, and substrate materials.
LG Innotek is headquartered in Seoul, Korea and its sales subsidiaries are located in Germany, USA, Mainland China, Japan, and Taiwan with production subsidiaries in China, Vietnam, Indonesia, Mexico, and Poland. For more information: www.lginnotek.com
Forward-Looking Statements
Valens may, in this communication, make certain statements that are not historical facts and relate to analysis or other information which are based on forecasts or future or results. Examples of such forward-looking statements include, but are not limited to, statements regarding future prospects, product development and business strategies. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means for identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks set forth under “Risk Factors” in our Registration Statement on Form F-4 and our other SEC filings. Valens cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Valens does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Media Contact:
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
Yoni.dayan@valens.com
Justine Rosin
Headline Media
Justine@headline.media
IL:+972 54 885 9141
US:+1 917 724 2176
Valens Investor Contacts:
Daphna Golden
Vice President Investor Relations
Valens Semiconductor Ltd.
investors@valens.com
Matthew Keating, CFA
Financial Profiles, Inc.
US: +1 310-622-8230
ValensIR@finprofiles.com
Larry Clark, CFA
Financial Profiles, Inc.
U.S.: +1 310-622-8223
ValensIR@finprofiles.com
Julie Kegley
Financial Profiles, Inc.
U.S.: +1 310-622-8246
ValensIR@finprofiles.com
SOURCE Valens Semiconductor