Leading electronics firm LG – which sells appliances ranging from fridges and washing machines to TVs and computers – has selected an Israeli company’s chipset to be used in its next generation of cameras for self-driving vehicles.
Valens, which is based in Hod HaSharon in central Israel, has developed a semiconductor chipset which will enable the connection between multiple camera sensors and LG’s camera system to enhance passenger safety in autonomous cars.
Automakers and manufacturers of car components are expected to be able to use the camera system, fitted with the Israeli chipset, beginning in 2026.
Valens makes semiconductors for the audio, video, and automotive industries. Founded in 2006, the company went public on the New York Stock Exchange in 2021 at a valuation of over $1 billion.
It most recently introduced technology that enables the transmission of a reliable signal for rear-facing truck cameras for the first time ever.
“Valens Semiconductor’s partnership with the LG VS [Vehicle component Solution] Company is clear testament to our shared vision to provide unmatched high-performance solutions for the automotive industry,” said Gideon Kedem, SVP and Head of Automotive at Valens Semiconductor.
“Today’s announcement demonstrates the execution of Valens Semiconductor’s strategy to develop disruptive and standardized high-performance connectivity solutions,” he said.
“It is a key milestone towards mass production of our VA7000 MIPI A-PHY compliant chipsets that will enable high-performance ADAS [Advanced Driver-Assistance Systems] connectivity solutions in a multi-billion addressable market.”