Valens Semiconductor is an Israel-based fabless chipmaker that designs connectivity chipsets for transmitting high volumes of data reliably over long distances through standard, low-cost cabling. Valens operates two segments: a Cross-Industry Business (CIB) and Automotive. CIB, the larger segment at roughly 70-75% of revenue, centers on Pro AV, where Valens' HDBaseT chipsets allow manufacturers to transmit uncompressed 4K video, audio, Ethernet, USB, and power over a single Cat cable at distances up to 100 meters. Valens co-invented the HDBaseT standard alongside LG, Samsung, and Sony Pictures, and supplies chipsets to most major AV equipment brands, including Crestron, Extron, Logitech, Panasonic, and Sony. Automotive contributes roughly 25-30% of revenue, currently dominated by the VA6000 chipset powering Mercedes-Benz infotainment across its full passenger car lineup. Valens' second-generation VA7000 chipset targets ADAS applications, connecting cameras, radars, and LiDARs to compute units, and has secured several European OEM design wins expected to commercialize around 2027. Valens uses a fabless model, outsourcing manufacturing to TSMC, ASE, and UTAC, which limits capex but creates third-party dependency. A key element of Valens' strategy is technology reuse: the VA7000, developed for automotive, also underpins its newer medical and industrial machine vision offerings. Valens is currently unprofitable, with R&D as the dominant cost, and targets EBITDA breakeven at approximately $120M in annualized revenue.