Valens Semiconductor Ltd. (NYSE:VLN) Q3 2023 Earnings Call Transcript

Suji De Silva: Okay. Good. And then my other question is on the AV business. The newer VS6320, handling the USB 3.2 protocol. I’m wondering what kind of incremental applications and/or addressable market that may bring to you above and beyond what you already serve in the AV market?

Gideon Ben-Zvi: Okay. Thank you for this question. I apologize in advance. Now I’m going to have a longer answer, not as usual. And 6320, we believe in Valens is a very big thing. We see the 6320 not only give us the ability to go in the same vertical to more segments, not all the way down to the consumer but lower than the lucrative market, which is usually active. And also give us a vertical, which were less active or active only in a very small quantities such as industry and others. The VS6320 is one of the most sophisticated chips Valens ever did, and we feel that it has a very high technological barrier which leaves us there for many years as a unique solution. And second, a very, very blunt need. And many of the reason that such technology does not exist, it’s not because of the need. It’s because it is so hard to make one. And this is why we have so much confidence and believe that this is a chip that we trust a lot. I hope I answered that what you ask for.

Suji De Silva: Yes, you did. Thank you.

Operator: [Operator Instructions] This concludes the Q&A session. This concludes the Valens Semiconductor third quarter 2023 results conference call. Thank you for your participation. You may go ahead and disconnect.

Gideon Ben-Zvi: I want to thank you everyone.