Valens Semiconductor Ltd 6-K, filed Mar 18, 2025
Valens Semiconductor Ltd. (VLN)
About this 6-K
Valens Semiconductor Ltd filed this 6-K on March 18, 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 March 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 March 18, 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: March 18, 2025
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Exhibit 99.1
Valens Semiconductor Partners with Seven MIPI
A-PHY Silicon Vendors, Successfully Completing Product Interoperability Testing
to Advance the MIPI A-PHY Ecosystem in China and Globally
HOD HASHARON, Israel, March 18, 2025 – Valens Semiconductor (NYSE: VLN) today announced that it hosted successful interoperability testing with seven other vendors of MIPI A-PHY silicon: Analogix, ESWIN Technology, Motorcomm, OmniVision Technologies, Silergy, SimChip, and Velink. The testing is a key step towards broad adoption of A-PHY in China, where there is already a particularly robust ecosystem of companies developing products around this technology, and signals significant momentum of this technology for the global automotive industry.
MIPI A-PHY is the first standard in the automotive industry for in-vehicle asymmetric high-speed connectivity. Valens is a leader in MIPI A-PHY, offering the first chipsets on the market to comply with the standard and the first to achieve design wins with OEMs.
Achieving interoperability is a pivotal milestone in the establishment of an industry standard, backed by a strong ecosystem. This type of standard would increase supply chain security and decrease dependency on vendor pricing. As part of the weeks-long interoperability testing, which took place across multiple events, Valens established A-PHY links with all vendors, indicating strong product maturity for A-PHY silicon.
“MIPI A-PHY has strong momentum all around the world, and we’re especially excited about what we’re seeing in China,” said Adar Segal, Head of Automotive Business at Valens Semiconductor. “The ecosystem there is always on the lookout for new technologies that could enable advances in ADAS and autonomous systems, and it is agile enough to adopt them quickly. These multi-company events are just the latest on the road to dominance of the A-PHY standard, in China and beyond. As the first and leading supplier of A-PHY chipsets, we are well positioned to capture a significant share of this market over the coming years.”
“This successful interoperability testing between multiple A-PHY vendors is further proof of the maturing A-PHY ecosystem,” said Peter Lefkin, Executive Director of the MIPI Alliance. “These testing events complement the rollout of the MIPI A-PHY Compliance Program, which will allow system designers to validate their A-PHY devices. Taken together, these initiatives are important milestones and signals for OEMs that MIPI Alliance is delivering on its promise to develop the most robust SerDes specification for the automotive market.”
China has been a pioneering region in terms of A-PHY adoption, home to vendors of platforms, SoCs, silicon, camera sensors, and IP & development tools, all supplying A-PHY products. This ecosystem has grown in response to market demand from Chinese OEMs for this connectivity standard.
Alex Zhang, CEO Technical Assistant at Analogix, said: “The momentum for MIPI A-PHY is undeniable, especially in China, where OEMs are quick to adopt new innovative technologies. There are many OEMs and Tier 1s interested in this technology in China.”
Li Ma, Co-CTO at ESWIN Technology Group, said: “We extend our gratitude to Valens Semiconductor for hosting the successful interoperability testing events, which revealed a robust and mature ecosystem of A-PHY vendors. Our A-PHY chip is operating remarkably well, and we’re looking forward to releasing it to market.”
Jason Lyu, Marketing Director at Motorcomm Electronic Technology, said: “Our A-PHY chip was interoperable with the Valens A-PHY chip at high bandwidth and with flawless performance. We hope that the A-PHY ecosystem can keep developing better and better, and that more and more OEMs and Tier1 can adopt this standard.”
OmniVision Technologies is developing a sensor with integrated A-PHY, which will lead to a smaller form factor, lower power consumption, and reduced cost. Sensor integration is only possible with a standardized solution, and MIPI A-PHY in particular was designed from the ground up to streamline such integrations, with a small, low power serializer and a high-performance deserializer.
Heng Fan, Senior Director of design at OmniVision Technologies, said: “OmniVision is committed to driving innovation in automotive imaging, and integrating MIPI A-PHY directly into our sensors provides significant value for our OEM customers and partners.”
Anjin Du, SerDes Product Line Manager at Silergy, said: “We’re confident that this successful interoperability testing is only the beginning for A-PHY technology; A-PHY technology benefits such as the first industry standard and a true ecosystem, a lower system cost with light-weight cable and excellent noise cancelation & correction technology, have been recognized by the customer and that we’re soon going to see it to be adopted across the global automotive industry.”
Dr. Kai Lyu, Co-founder and Deputy General Manager at SimChip, said: “We began developing this product in response to tangible market demand, and we are investing significant resources to ensure that it reaches the market soon.”
Dr. Chen, CTO at VelinkTech, said: “We founded our company, VelinkTech, because of A-PHY. Proprietary SerDes were not good for OEMs’ cost or supply chain security, and MIPI’s A-PHY, the world’s first automotive SerDes standard, solved these issues.”
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/.
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
Investor Contacts
Michal Ben Ari
Investor Relations Manager
Valens Semiconductor Ltd.
michal.benari@valens.com