Valens Semiconductor Investor Presentation — November 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 orindicate future events or

trends orthat arenot statements ofhistorical matters .These forward -looking statements include, but arenot limited to,statements regarding our anticipated future results, including financial results, currency exchange rates,

contract wins, future economic and market conditions .These statements arebased onvarious assumptions, whether ornot identified inthis Presentation, and onthecurrent expectations ofValens ’management and arenot

predictions ofactual performance .These forward -looking statements areprovided forillustrative purposes only and arenotintended toserve as,and must notberelied onbyanyinvestor 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 -19onour customers ’budgets and oneconomic conditions generally, aswell asthelength, severity ofand pace ofrecovery following thepandemic ;competition inthesemiconductor

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 to

estimate itscustomers ’demand ;disruptions inrelationships with any one ofValens ’keycustomers ;any difficulty selling Valens ’products ifcustomers donotdesign itsproducts into their product offerings ;Valens ’dependence on

winning selection processes ;even ifValens succeeds inwinning selection processes foritsproducts, Valens may notgenerate timely orsufficient netsales ormargins from those wins ;sustained yield problems orother delays inthe

manufacturing process ofproducts ;our ability 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 accrued bycustomers ;ourexpectations regarding theoutcome of