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SEOUL/HOD HASHARON - Samsung Electronics is supporting the MIPI A-PHY standard for high-speed automotive sensor connectivity and partnering with Valens Semiconductor (NYSE:VLN) to develop next-generation products in this space, according to a press release statement issued Tuesday. Valens Semiconductor, with a market capitalization of approximately $200 million, maintains a strong balance sheet with more cash than debt, according to InvestingPro data.
The collaboration responds to demand from global automotive manufacturers for advanced connectivity solutions that can support higher levels of advanced driver assistance systems (ADAS) and autonomous driving capabilities. The company has demonstrated solid execution with 8.7% revenue growth over the last twelve months, positioning it well in this expanding market.
Samsung Foundry will manufacture Valens Semiconductor’s MIPI A-PHY chipsets using its advanced automotive process node. The two companies have previously collaborated as founding members of the HDBaseT Alliance for professional audio-visual applications.
"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."
MIPI A-PHY is the first automotive industry standard developed specifically for in-vehicle high-speed sensor and display connectivity. Valens Semiconductor offers the first chipsets on the market to comply with the standard, the VA7000 Series.
Gideon Ben Zvi, CEO of Valens Semiconductor, noted that this partnership follows three design wins with European automotive manufacturers and support from Mobileye, building momentum for the company’s A-PHY offerings.
The announcement comes as the automotive industry continues to adopt standardized approaches to handle the increasing data requirements of advanced vehicle systems. With analyst consensus being bullish and InvestingPro analysis suggesting the stock is currently undervalued, Valens Semiconductor appears well-positioned to capitalize on this industry transformation. For deeper insights into Valens Semiconductor’s potential, investors can access comprehensive analysis and additional ProTips through the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Valens Semiconductor announced the appointment of Igal Rotem to its Board of Directors. Rotem, a seasoned technology executive and entrepreneur, replaces Michael Linse, who had been a board member and shareholder since 2018. Rotem’s extensive experience includes serving as Chairman of Shift4 EU Bank after its $575 million acquisition by Shift4 Inc. Additionally, he spent over a decade as CEO and Chairman of Finaro, a digital payment processing company acquired by Shift4. Earlier in his career, Rotem co-founded PowerDsine, a Power over Ethernet technology company, and led it through a NASDAQ IPO and a $246 million acquisition by Microsemi. These recent developments highlight Valens Semiconductor’s strategic move to strengthen its leadership with Rotem’s expertise.
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