Valens Semiconductor Announces Three Automotive Design Wins from Leading European OEMs for its VA7000 MIPI A-PHY Chipsets
Valens Semiconductor Ltd. (VLN)
Company Research
Source: PR Newswire
HOD HASHARON, Israel, Sept. 17, 2024 /PRNewswire/ -- Today, Valens Semiconductor (NYSE: VLN), a leader in high-performance connectivity, announced that it has achieved three automotive design wins from leading European OEMs for its VA7000 MIPI A-PHY chipsets. The achievement is validation of Valens' position as a key supplier of ADAS connectivity solutions, as well as MIPI A-PHY's position as the industry's standard for next-generation sensor connectivity.The OEMs, which belong to a group of automotive brands, each plan to embed Valens' MIPI A-PHY chipsets in certain vehicle models with Start of Production (SoP) in 2026, with an estimated production volume totaling approximately five hundred thousand vehicles per year. Valens estimates that upon commercialization ramp up, the design wins will generate over ten million dollars in annual revenue, for a period of 5-7 years.[1]The selection of Valens chipsets follows intensive testing of a variety of connectivity solutions on the market,
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