Hod Hasharon Israel, December 9, 2024 /PRNewswire/ — Valence Semiconductor (NYSE: VLN), a leader in high-performance connectivity, today announced giri friedman Appointed as senior vice president and head of the newly established cross-industry business unit. February 16, 2025.
“We are excited to welcome giri friedman As head of our newly established cross-industry business unit, he will cover all non-automotive sectors that we serve, including the audio-video, industrial, machine vision, and medical markets. ” Gideon Ben ZviCEO of Valens Semiconductor. “Giri has over 17 years of experience leading sales and business development departments at leading global companies in the semiconductor industry. We have established a proven track record of driving growth in existing and new markets.”
“Giri’s multidisciplinary approach to integrating customer engagement, sales strategy, marketing, and project lifecycle management, as well as her deep expertise in semiconductor technology, sets her apart. We are excited to have Giri join the Valens team. We are excited about this and look forward to delivering results soon and making a lasting impact on our organization. ”
Mr. Friedman currently serves as Vice President of Sales and Business Development for Sony Semiconductor Israel (formerly Altair Semiconductor). She joined Altair as a software engineer and quickly moved into leadership roles, progressing from program management to global business management, ultimately serving as vice president of sales and business development.
“I am excited to join Valens Semiconductor to lead its next phase of growth,” said Friedman. “The opportunities in the audio-video, industrial, machine vision, and medical sectors are vast, with the total addressable market 1 billion dollars. We look forward to leveraging Valens’ standard-setting, high-performance connectivity solutions to accelerate market share growth and drive progress toward our 2029 financial goals. ”
About Valens Semiconductor
Valens Semiconductor (NYSE:VLN) is a leader in high-performance connectivity that enables customers to transform digital experiences for people around the world. Valens chipsets are integrated into countless devices from leading customers, powering cutting-edge audio-video equipment, next-generation video conferencing, and enabling the evolution of ADAS and autonomous driving. Pushing the boundaries of connectivity, Valens is setting standards everywhere it operates, and its technology forms the basis of leading industry standards such as HDBaseT® and MIPI A-PHY. For more information, please visit https://www.valens.com/.
Forward-looking statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of terms such as “estimates,” “estimates,” “estimates” and similar terms. “plan,” “project,” “anticipate,” “intend,” “plan,” “anticipate,” “anticipate,” “believe,” “seek,” “target,” or and other similar expressions that predict or predict future events or trends, or are not historical statements. These forward-looking statements include, but are not limited to, statements regarding our 2029 financial goals and potential acquisition opportunities. These statements are based on various assumptions and current expectations of Valens Semiconductor (“Valens”) management, whether or not identified in this press release, and are not predictive of actual performance. . These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and may not be relied upon as, a guarantee, confirmation, prediction, or conclusive statement of fact or probability by any investor. You must not. Actual events and circumstances are difficult or impossible to predict and may 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 business cycle of the semiconductor industry. the impact of the inflation and rising interest rate environment on our customers and industry; Customer inventory absorption capacity. competition in the semiconductor industry and our failure to timely introduce new technologies and products to successfully compete with our competitors; If Valens is unable to adjust supply chain volumes due to changes in market conditions or is unable to estimate customer demand. disruption of Valens’ relationships with key customers; If customers do not incorporate Valens’ products into their products, it will be difficult for them to sell Valens’ products. Valens relies on the winner selection process. Even if Valens is successful in the selection process for its products, Valens may not be able to generate timely or sufficient net sales or margins from those selections. sustained yield problems or other delays or quality events in the manufacturing process of our 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 adjust product prices to our customers in a timely manner as prices increase through our supply chain; Ability to adjust inventory levels due to reduced demand due to customer inventory buffers. our expectations regarding the outcome of 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 ability to successfully integrate acquired businesses or achieve the anticipated benefits from acquired businesses; The market price and trading volume of Valens common stock may fluctuate and may decline significantly. political, economic, governmental and tax implications related to our establishment and location; Israel; and the factors discussed in Valens’ Form 20-F filed with the SEC. February 28, 2024 Other documents of Valens filed or to be filed with the SEC under the heading “Risk Factors.” If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those suggested by these forward-looking statements. There may be additional risks that Valens is not currently aware of or that Valens currently believes to be immaterial, which could cause actual results to differ from those contained in the forward-looking statements. There is also gender. Additionally, forward-looking statements reflect Valens’ expectations, plans and projections regarding future events and beliefs as of the date of this press release. Mr. Valens expects that subsequent events and developments may change his evaluation. 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’ evaluation as of any date subsequent to the date of this press release. Therefore, you should not place undue reliance on forward-looking statements.
press contact
Yoni Dayan
Head of Communications
Valens Semiconductor Co., Ltd.
(email protected)
Pat Brech
senior vice president
Financial Profiles Co., Ltd.
(email protected)
Investor contact information:
Michal Ben Ali
Investor Relations Manager
Valens Semiconductor Co., Ltd.
(email protected)
Lisa Fortuna
senior vice president
Financial Profiles Co., Ltd.
(email protected)
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Source Valens Semiconductor
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