Intel to leverage Valens Semiconductor's expertise to
bolster design and fabrication services for automotive
suppliers
HOD HASHARON, Israel, September 28,
2022 /PRNewswire/ -- 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 of Chips solutions, based on
Intel Foundry Services' (IFS) design and fabrication.
MIPI APHY 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 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.
ValensIR@finprofiles.com
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SOURCE Valens Semiconductor