August 11, 2022

Valens Semiconductor Reports Second Quarter 2022 Results

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.