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 September 2022
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 September 28, 2022 |
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: September 28, 2022
EXHIBIT 99.1
Valens Semiconductor Collaborates with Intel to Boost Automotive MIPI A-PHY Implementations
Intel to leverage Valens Semiconductor’s expertise to bolster design and
fabrication services for automotive suppliers
HOD HASHARON, Israel, September 28, 2022 – Valens Semiconductor (NYSE: VLN) today announced a collaboration with Intel to develop MIPI A-PHY-compliant automotive technologies for foundry customers, leveraging Valens Semiconductor’s expertise as a leading contributor to MIPI A-PHY technology. The cooperation will provide an additional boost to the growing A-PHY ecosystem by allowing third parties from across the automotive industry to accelerate time to market for A-PHY systems, from Application Specific Integrated Circuits (ASICs) to System on a Chip (SoC) solutions, based on Intel Foundry Services’ (IFS) design and fabrication.
MIPI A-PHY is quickly emerging as one of the most resilient standards for long-reach connectivity advancing ADAS, AD, IVI and other automotive applications. It majorly simplifies the integration of lidar, radar and cameras for limited and full vehicle autonomy, while also improving connectivity for high-resolution safety and infotainment displays.
“Our priority at Intel Foundry Services is to invest in disruptive technologies that can help our customers accelerate time to market,” said Nivruti Rai, Vice President, Intel Foundry Services & General Manager, IFS Automotive Solutions Group. “As the most cutting-edge high-speed connectivity technology in the automotive industry, MIPI A-PHY is well positioned for large-scale integration in cars around the world. With our combination of advanced process technology and geographically diverse capacity, we are confident that we will be able to address the strong market interest in MIPI A-PHY solutions.”
“As a pioneer in MIPI A-PHY technology, Valens Semiconductor’s primary goal has been to diversify and strengthen the A-PHY supply chain, and Intel Foundry Services is the perfect fit – as both a market and technology leader – to catapult the A-PHY ecosystem,” said Gideon Kedem, SVP and Head of Automotive at Valens Semiconductor. “MIPI A-PHY is the most robust and resilient automotive connectivity technology available. Our partnership with Intel will open the door for additional automotive chip manufacturers to join the growing MIPI A-PHY Ecosystem, expend the number of suppliers providing A-PHY compliant IC products and making significant inroads towards widescale market adoption.”
About Valens Semiconductor
Valens Semiconductor pushes the boundaries of connectivity by enabling long-reach, high-speed video and data transmission for the Audio-Video and Automotive industries. Valens' HDBaseT® technology is the leading standard in the Audio-Video market with tens of millions of Valens' chipsets integrated into thousands of products in a wide range of applications. Valens' Automotive chipsets are deployed in systems manufactured by leading customers and are on the road in vehicles around the world. Valens is a key enabler of the evolution of ADAS and autonomous driving and its advanced technology is the basis for the new industry standard for high-speed in- vehicle connectivity. For more information, visit https://www.valens.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-1 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.
Press Contacts
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
Yoni.dayan@valens.com
Investor Contacts:
Daphna Golden
Vice President Investor Relations
Valens Semiconductor Ltd.
investors@valens.com
Moriah Shilton
Financial Profiles, Inc.
US: +1 310-622-8230
ValensIR@finprofiles.com
SOURCE Valens Semiconductor