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LG Electronics Vehicle component Solutions Company selected Valens Semiconductor's VA7000 MIPI A-PHY compliant chipsets for its next-generation camera system project for ADAS. Automotive OEMs are expected to benefit from this solution starting 2026.
Valens Semiconductor, a provider of high-speed connectivity solutions, will merge with SPAC PTK Acquisition Corp. in a deal valued at $1.16 billion. The combined company will list on the NYSE under the symbol VLN.