Delivers Record Quarterly Revenues and Strong Gross Margin for Q2 Improves 2022 Guidance, Adjusted EBITDA Breakeven Expected Exiting 2023

HOD HASHARON, ISRAEL, August 10, 2022 – Valens Semiconductor Ltd. (NYSE: VLN), a premier provider of high-speed connectivity solutions for the audio-video and automotive markets, today reported financial results for the second quarter ended June 30, 2022.