The strategic collaboration will accelerate adoption of the
MIPI A-PHY standard technology for enhanced ADAS and safety
boosting the industry's chiplet vision
HOD HASHARON, Israel, Jan. 8, 2024
/PRNewswire/ -- Today, Valens Semiconductor (NYSE:VLN) and Intel
Foundry Services (IFS) announce that IFS will fabricate Valens
Semiconductor's MIPI A-PHY chipsets using its advanced process
nodes, aiming to address the robust demand in the market for this
innovative connectivity solution. This collaboration furthers the
strategic relationship between Valens and IFS that starts with the
development of next generation of A-PHY in the automotive industry
based on Intel leading-edge technology.
MIPI A-PHY is the first automotive industry standard developed
for in-vehicle high-speed sensor connectivity. Since its release in
2020, it has attracted a growing ecosystem of companies designing
products based on the technology. Valens Semiconductor, a key
contributor to the standard, was the first on the market to offer
A-PHY-compliant chipsets with its VA7000 product family.
"Best-in-class products, like our A-PHY chipsets, require
best-in-class processes – and that's exactly what we're getting
through this collaboration with Intel Foundry Services" said
Gideon Ben Zvi, CEO of Valens
Semiconductor. "With the full suite of resources Intel offers,
including advanced process and packaging technologies, and a broad
IP portfolio, we're confident that we can further advance our A-PHY
products. As a leader in MIPI A-PHY, we are proud to provide the
most resilient high-performance connectivity technology, enabling
significantly safer cars in the future."
As part of this strategic collaboration, Valens
Semiconductor will utilize Intel's leading edge process technology
to produce its second generation of A-PHY chipsets. Intel's
ecosystem and advanced processes will enable significant cost
and power reductions for this chipset family while achieving the
highest-performance and flawless Electromagnetic Compatibility
(EMC). With the significant increase in bandwidth and other
architecture requirements, this unique set of capabilities ensure
link performance and passenger safety are maintained at all
times.
"One of the goals of Intel Foundry Services is to identify
transformative technologies, and harness Intel's breakthrough
process technology and global ecosystem to accelerate innovation
and unlock new opportunities for our customers," said Stuart Pann, Senior Vice President and General
Manager, Intel Foundry Services. "The MIPI A-PHY chipset is an
obvious fit – a next-generation technology with the potential for
broad market adoption that can help advance automotive performance
and safety and further the autonomous vision."
This collaboration will play a significant role in boosting the
vision for a chiplet architecture in the automotive industry. With
its reliance on advanced package integration and the use of
standardized interfaces such as UCIe, the chiplet architecture will
be complimented by MIPI A-PHY as the standardized connectivity
interface. This is the best way to meet the automotive market's
requirements for high reliability, high performance, and low
latency, and MIPI A-PHY will be a key enabler of this
next-generation silicon architecture.
About Intel Foundry Services
IFS is a critical pillar of Intel's IDM 2.0 strategy, a
multiyear transformation to regain and strengthen technology
leadership, manufacturing scale and long-term growth. Intel's
global manufacturing footprint – including investments in both the
U.S. and EU – is designed to help balance the world's silicon
capacity and ensure the sustainable, resilient, and secure supply
chain the world needs. Through a differentiated IDM 2.0 model,
Intel is in a unique position to help serve critical customer
products globally and prepare for the continuous increase in future
semiconductor demand.
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
Valens Semiconductor:
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.
Valens@finprofiles.com
View original
content:https://www.prnewswire.com/news-releases/valens-semiconductor-and-intel-foundry-services-announce-strategic-relationship-for-next-generation-a-phy-product-302028345.html
SOURCE Valens Semiconductor