Valens Semiconductor Investor Presentation — August 2022

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Valens Semiconductor

Forward -Looking Statements

Certain statements inthis presentation (this "Presentation") are“forward -looking statements ”within themeaning ofthe“safe harbor”provisions oftheUnited States Private Securities Litigation Reform Actof1995 .

Forward -looking statements may beidentified bytheuse ofwords such as“estimate, ”“plan,”“project,”“forecast, ”“intend,”“will,”“expect,”“anticipate, ”“believe,”“seek,”“target”orother similar expressions that predict or

indicate future events ortrends orthat arenotstatements ofhistorical matters .These forward -looking statements include, butarenotlimited to,statements regarding future economic and market conditions .These

statements arebased onvarious assumptions, whether ornotidentified inthis Presentation, and onthecurrent expectations ofValens’management and arenotpredictions ofactual performance .These forward -looking

statements areprovided forillustrative purposes only and arenotintended toserve as,and must notberelied onbyany investor asaguarantee, anassurance, aprediction oradefinitive statement offact orprobability .

Actual events and circumstances aredifficult orimpossible topredict and willdiffer from assumptions .Many actual events and circumstances arebeyond thecontrol ofValens .

These forward -looking statements aresubject toanumber ofrisks and uncertainties, including thecyclicality ofthesemiconductor industry ;theeffects ofhealth epidemics, such astherecent global COVID -19pandemic ;

theimpact oftheglobal pandemic caused byCOVID -19onourcustomers ’budgets and oneconomic conditions generally, aswell asthelength, severity ofand pace ofrecovery following thepandemic ;competition inthe

semiconductor industry, and thefailure tointroduce new technologies and products inatimely manner tocompete successfully against competitors ;ifValens fails toadjust itssupply chain volume due tochanging market

conditions orfails toestimate itscustomers ’demand ;disruptions inrelationships with any one ofValens’keycustomers ;any difficulty selling Valens’products ifcustomers donotdesign itsproducts into their product

offerings ;Valens’dependence onwinning selection processes ;even ifValens succeeds inwinning selection processes foritsproducts, Valens may notgenerate timely orsufficient netsales ormargins from those wins ;

sustained yield problems orother delays inthemanufacturing process ofproducts ;ourability toeffectively manage, invest in,grow, and retain oursales force, research and development capabilities, marketing team and

other keypersonnel ;ourability totimely adjust product prices tocustomers following price increase bythesupply chain ;ourability toadjust ourinventory level due tosudden reduction indemand due toinventory buffers