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 January 2024
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.
TABLE
OF CONTENTS
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.
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VALENS SEMICONDUCTOR
LTD. |
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By: |
/s/
Gideon Ben-Zvi |
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Name: |
Gideon Ben-Zvi |
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Title: |
Chief Executive Officer |
Date:
January 24, 2024
2
Exhibit 99.1
Valens Semiconductor Enables Unprecedented,
Resilient Surround View Systems for Long Vehicles, with its New VA700R Series, Capable of 40-Meter Multi-Gig Connectivity
Based on the VA7000 chipset family, the VA700R
provides the connectivity infrastructure upon which innovative, safety-critical visibility solutions can be designed for truck drivers.
HOD HASHARON, Israel. January 24, 2024 – Today, Valens Semiconductor
(NYSE:VLN), a leader in high-performance connectivity, unveiled the VA700R Series, which offers industry leading bandwidth and link distance
for long vehicle sensor connectivity. Enabling 4Gbps at distances of up to 40 meters/130 feet, while supplying power and bi-directional
control over the cable, the VA700R provides the connectivity infrastructure upon which innovative visibility solutions can be designed
for truck drivers.
The VA700R Series – containing the VA7021R Serializer and the
VA7004R Deserializer – offers an unprecedented combination of bandwidth and link distances for applications such as surround view
and rear-view visibility for medium and long vehicles. The SerDes will support high resolutions, including up to 8MP (4K) cameras operating
at 30 frames per second. It is also bit-accurate, making it applicable for ADAS applications. Demonstrations of the VA700R are available
today, and engineering samples are slated to be released to customers in mid-2024.
Long vehicles have suffered from a lack of visibility due to the complex
technical challenge of long-distance connectivity in a rough Electromagnetic Compatibility (EMC) environment. Valens is uniquely capable
of overcoming this challenge, providing the best solution for guaranteeing the performance needed for enhanced ADAS systems in long vehicles.
“Valens Semiconductor’s connectivity solutions are high-performance
– and that doesn’t just mean the highest bandwidth or the lower error rate – it also means the longest link distance,”
said Gideon Kedem, SVP and Head of Automotive Business at Valens Semiconductor. “Our chipsets are the connectivity infrastructure
upon which automotive OEMs and Tier 1s can build their future innovations. With the unprecedented resilience and link distance of the
VA700R, these innovations will become available to millions of truck drivers around the world, who operate the most dangerous vehicles
on the road while having to contend with limited visibility.”
Valens is already seeing significant interest
in its long-vehicle-focused solutions. At Automotive World Japan, taking place in Tokyo on January 24-26, Valens will display a demonstration
of the VA700R chipset, showing error-free connectivity of 4Gbps over distances of 40 meters/130 feet.
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, 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; the effects of health epidemics, such as the recent global
COVID-19 pandemic; the impact of the global pandemic caused by COVID-19 on our customers’ budgets and on economic conditions generally,
as well as the length, severity of and pace of recovery following the pandemic; 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
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; the market price and trading volume of the Valens ordinary
shares may be volatile and could decline significantly; 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 March 1, 2023 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
Daphna Golden
Vice President Investor
Relations
Valens Semiconductor
Ltd.
investors@valens.com
Moira Conlon
Financial Profiles, Inc.
+1-310-622-8220
Valens@finprofiles.com
SOURCE Valens Semiconductor
Valens Semiconductor (NYSE:VLN)
過去 株価チャート
から 5 2024 まで 6 2024
Valens Semiconductor (NYSE:VLN)
過去 株価チャート
から 6 2023 まで 6 2024