Valens Semiconductor Appoints Asaf Silberstein to its Board of Directors

Semiconductor industry veteran and Semtech COO brings more than two decades of experience scaling global technology businesses

HOD HASHARON, Israel, Sept. 14, 2026 /PRNewswire/ -- Valens Semiconductor (NYSE: VLN), a leading provider of high-performance connectivity chipsets, today announced the appointment of Asaf Silberstein, Executive Vice President and Chief Operating Officer of Semtech Corporation, to its Board of Directors.

Silberstein brings more than two decades of leadership experience in the semiconductor industry, with extensive expertise in global operations, business execution and scaling technology companies. He has served as Chief Operating Officer of Semtech since 2023 and has held senior leadership positions at the company since joining in 2010.

"As Valens enters its next stage of growth, adding leaders with hands-on experience building and scaling successful semiconductor businesses is extremely valuable," said Yoram Salinger, Chief Executive Officer of Valens Semiconductor. "Asaf understands the challenges and opportunities of taking differentiated semiconductor technologies into high-volume global markets. I look forward to working with him and benefiting from his experience as we execute on our growth strategy in the Audio-Video and Automotive markets."

"I have followed Valens and its technology for many years and have been impressed by the company's ability to establish leadership in high-performance connectivity and turn its innovations into industry standards," said Asaf Silberstein. "Valens has strong technology, an expanding set of market opportunities, and significant potential ahead. I'm excited to join the Board and work with Yoram and the rest of the team to support the company's continued growth."

Silberstein became Executive Vice President and Chief Operating Officer of Semtech in March 2023, after previously serving as Executive Vice President of Worldwide Operations and Information Technology. Since joining Semtech in 2010, he has held a series of senior leadership roles overseeing the company's global operations. Prior to Semtech, Silberstein served as Vice President of Global Operations at Microsemi. Earlier, he spent seven years at PowerDsine, ultimately serving as Chief Operating Officer prior to the company's acquisition by Microsemi. He has also held positions at 3Com and ECI Telecom.

About Valens Semiconductor

Valens Semiconductor (NYSE: VLN) is a leading provider of high-performance connectivity chipsets that enable reliable, long-reach data transmission across the world's most demanding applications. Valens' chipsets are integrated into countless devices from leading customers, powering state-of-the-art audio-video installations, next-generation videoconferencing, Advanced Driver Assistance Systems and Software Defined Vehicles. Valens is a pioneer in connectivity technologies and a key contributor to leading industry standards, including HDBaseT® and MIPI A-PHY. For more information, visit www.valens.com

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are subject to a number of risks and uncertainties, including the cyclicality of the semiconductor industry; the effect of inflation and a rising interest rate environment on our customers and industry; the ability of our customers to absorb inventory; competition in the semiconductor industry, and the failure to introduce new technologies and products in a timely manner to compete successfully against competitors; if Valens fails to adjust its supply chain volume due to changing market conditions or fails to estimate its customers' demand; disruptions in relationships with any one of Valens' key customers or suppliers; any difficulty selling Valens' products if customers do not design its products into their product offerings; 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 timely adjust product prices to customers following price increase by the supply chain; our ability to adjust our inventory level due to reduction in demand due to inventory buffers accrued by customers; our expectations regarding the outcome of any future litigation in which we are named as a party; our ability to adequately protect and defend our intellectual property and other proprietary rights; risks related to our use of AI technologies; our ability to successfully integrate or otherwise achieve anticipated benefits from acquired businesses; the market price and trading volume of the Valens ordinary shares may be volatile and could decline significantly; further deterioration of macroeconomic conditions due to ongoing global political and economic uncertainty; political, economic, governmental and tax consequences, as well as geopolitical tensions, associated with our incorporation and location in Israel; and those factors discussed in Valens' Form 20-F filed with the SEC on February 25, 2026 under the heading "Risk Factors," and other documents of Valens filed, or to be filed, with the SEC. Except as required by law, we undertake no obligations to make any revisions to the forward-looking statements contained in this press release or to update them to reflect events or circumstances occurring after the date of this press release, whether as a result of new information, future developments or otherwise.

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SOURCE Valens Semiconductor