Valens Semiconductor (VLN) Announces Plan to Improve Operational Efficiency; Updates Guidance
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Valens Semiconductor Announces a Plan to Improve Operational Efficiency
June 8, 2023 4:59 AM EDTAligning Research & Development (R&D) resources by streamlining development platforms The plan includes a 15% employee headcount reduction across various departments and is expected to save approximately $9 million annually in operating expenses Plan is expected to be completed by end of Q3 2023On track with several automotive OEM bids for the A-PHY compliant VA7000, expecting first design wins in 2023 Engineering samples of the VS6320, the new high-performance USB3.2 extension solution, are expected to be shipped by Q4 2023 to address the growing demand for high-performance USB... More
