Valens Semiconductor and Samsung Partner to Enhance the MIPI A-PHY Standard Ecosystem and Collaborate on Next-Generation Products
Rhea-AI Summary
Valens Semiconductor (NYSE: VLN) has announced a strategic partnership with Samsung to develop next-generation MIPI A-PHY products for automotive connectivity. Samsung will support the MIPI A-PHY standard and fabricate Valens' chipsets using its advanced automotive process node.
The collaboration builds on the companies' existing relationship, as Samsung was an early investor in Valens, and both were founding members of the HDBaseT Alliance. This partnership follows Valens' recent achievements, including three design wins with European OEMs and support from Mobileye. The MIPI A-PHY standard is the first automotive industry standard for high-speed sensor and display connectivity, with Valens leading the market through its VA7000 Series chipsets.
Positive
- Strategic partnership with tech giant Samsung validates MIPI A-PHY standard's market potential
- Samsung will fabricate Valens' chipsets using advanced automotive process node
- Three existing design wins with leading European OEMs
- First-to-market advantage with VA7000 Series MIPI A-PHY compliant chipsets
- Growing ecosystem adoption of MIPI A-PHY standard
Negative
- Significant market and execution risks highlighted in forward-looking statements
- Potential challenges from semiconductor industry cyclicality
- Exposure to inflation and rising interest rate impacts on customers
News Market Reaction
On the day this news was published, VLN declined NaN%, reflecting a moderate negative market reaction. Argus tracked a peak move of +6.0% during that session. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Valens and Samsung have a long history of collaboration. Samsung was among the earlier investors in Valens, and the two companies were among the founding members of the HDBaseT Alliance, ProAV's largest interoperable ecosystem with over 200 member companies.
"The growth of the MIPI A-PHY standard is increasingly evident across the industry," said Taejoong Song, corporate vice president of Foundry Technology Planning at Samsung Electronics. "OEMs are demanding a next-generation connectivity solution that can ferry them to higher levels of ADAS and autonomous driving, and A-PHY offers the key technical breakthroughs necessary to achieve this. Samsung FinFET technology for automotive applications carries remarkable performance. We are committed to delivering cutting-edge automotive solutions with Valens based on our advanced automotive process."
"The support of MIPI A-PHY by an electronics giant like Samsung is proof positive that this standard is the future of automotive connectivity," said Gideon Ben Zvi, CEO of Valens Semiconductor. "After announcing three design wins with leading European OEMs, and then receiving the backing of Mobileye, we're continuing to build strong momentum for Valens' A-PHY offering. We're looking forward to developing the next generation of A-PHY products together with Samsung."
Samsung Foundry will fabricate Valens Semiconductor's MIPI A-PHY chipsets using its advanced automotive process node, which has a proven track record. This advanced process is supported by Samsung's extensive expertise in automotive foundry processes, intellectual property (IP), and service package development, enabling manufacturers to create cutting-edge innovations in assisted and automated mobility. Samsung FinFET technology for automotive-grade applications presents tight process controls and advanced IP for exceptional reliability and traceability.
MIPI A-PHY is the first automotive industry standard developed for in-vehicle high-speed sensor and display connectivity. The standard has attracted a growing ecosystem that is designing products based on the MIPI A-PHY. Valens is a leader in MIPI A-PHY, offering the first chipsets on the market to comply with the standard, the VA7000 Series, and the first to achieve design wins with OEMs.
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
Press Contacts
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
Yoni.dayan@valens.com
Hadley McKinnon
Senior Account Executive
Fusion PR
hadley.mckinnon@fusionpr.com
Investor Contacts
Michal Ben Ari
Investor Relations Manager
Valens Semiconductor Ltd.
michal.benari@valens.com
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SOURCE Valens Semiconductor