Valens Semiconductor Welcomes Igal Rotem to its Board of Directors
Rhea-AI Summary
Valens Semiconductor (NYSE: VLN) has appointed Igal Rotem, a seasoned high-tech executive and serial entrepreneur, to its Board of Directors, effective immediately. Rotem replaces Michael Linse, who has served as a board member and shareholder since 2018.
Rotem brings significant experience as the former Chairman of Shift4 EU Bank following its $575 million acquisition by Shift4 Inc. He previously served as CEO and Chairman of Finaro and co-founded PowerDsine, which was acquired by Microsemi for $246 million. His expertise in scaling businesses and semiconductor industry experience makes him a strategic addition to Valens' leadership team.
Positive
- Appointment of experienced semiconductor industry veteran with proven track record of successful exits
- New director brings expertise in scaling businesses and strategic growth
- Addition of leadership experience from both private and public tech companies
Negative
- Loss of long-term board member Michael Linse who served since 2018
News Market Reaction
On the day this news was published, VLN declined 4.67%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.4% during that session. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $10M from the company's valuation, bringing the market cap to $209M at that time.
Data tracked by StockTitan Argus on the day of publication.
HOD HASHARON,
"Igal's experience, both as a CEO and as a chairman of private and public tech companies, will bring a valuable perspective to our team," said Dr. Peter Mertens, Chairman of the Board at Valens Semiconductor. "I would like to take this opportunity to thank Michael for his valuable contributions to our Board over the many years he served."
"Igal's experience in scaling businesses, including as the founder and CEO of a semiconductor company, makes him an invaluable addition to our Board," said Gideon Ben-Zvi, CEO of Valens Semiconductor. "His proven ability to drive strategic growth and foster innovation will be instrumental as we continue to expand our technology leadership across multiple industries. I would like to thank Michael for the many years he dedicated to this company; in my opinion, he is an exemplar of what a board member should be – smart, proactive, and professional."
Mr. Rotem was selected by the Board due to his vast experience as a high-tech executive, entrepreneur, and industry innovator. Most recently, he served as Chairman of Shift4 EU Bank following its
The Board of Directors has decided on Mr. Rotem's appointment in a meeting on August 25, 2025, and it is effective immediately.
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 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 financial goals for 2029 and potential acquisition opportunities. 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 upon 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 increases 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; political, economic, governmental and tax consequences associated with our incorporation and location in
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
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SOURCE Valens Semiconductor
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