Valens Semiconductor Ltd. (NYSE: VLN), a premier provider of high-performance connectivity solutions for the audio-video and automotive markets, today announced that its Board of Directors has appointed Peter Kuo as a Board and audit committee member. He will succeed Dr. Ker Zhang, who served as a Board and audit committee member since September 2021. The replacement was effective June 30, 2023.
“Peter brings to Valens Semiconductor extensive expertise and a robust network that will help further the company’s long-term growth opportunities in our served audio-video and automotive markets. I look forward to working with him and the rest of the Valens Semiconductor Board as we continue to execute on our vision for the company,” said Dr. Peter Mertens, Chairman of the Board of Directors at Valens Semiconductor Ltd. “We also thank Dr. Zhang for the important role he had in overseeing our success in becoming a public company and his contribution to our many technological and customer accomplishments.”
“I am excited to join Valens Semiconductor’s Board of Directors and work with management at such an important time,” said Peter Kuo. “I look forward to taking an active role as Valens continues to strengthen its leadership position in the audio-video market and to further expand our business in the automotive space.”
Mr. Kuo co-founded PTK Technologies, LLC with Mr. Zhang, and serves as its Chief Executive Officer and Director. He has over 20 years of experience in global multi-national technology investing and tech banking and was essential in the successful execution of Valens Semiconductor’s becoming a public company in September 2021. Mr. Kuo is also a co-founding partner of Canyon Bridge, a private equity firm focused on technology transactions. Prior to co-founding Canyon Bridge, Mr. Kuo was a managing director at the financial services firms Lazard and Cowen. He began his investment career at Pacific Venture Group, an Asia-based VC firm and also practiced law at Davis Polk & Wardwell. Mr. Kuo holds a J.D. from Harvard Law School and a B.S. in Foreign Service from Georgetown and was a Fulbright Scholar.
About Valens Semiconductor
Valens Semiconductor pushes the boundaries of connectivity by enabling high-performance connectivity for the Audio-Video and Automotive industries. Valens’ HDBaseT® technology is the leading standard in the Audio-Video market with tens of millions of Valens’ chipsets integrated into thousands of products in a wide range of applications. Valens’ Automotive chipsets are deployed in systems manufactured by leading customers and are on the road in vehicles around the world. Valens is a key enabler of the evolution of ADAS and autonomous driving and its advanced technology is the basis for the MIPI A-PHY standard for high-speed in-vehicle connectivity. For more information, visit https://www.valens.com/.
