PISCATAWAY, N.J., March 15, 2023 - The MIPI Alliance, an international organization that develops interface specifications for mobile and mobile-influenced industries, today announced the recipients of the 2022 MIPI Alliance Membership Awards for their outstanding contributions and leadership. "It is primarily because of the intense commitment of our growing membership that MIPI Alliance is able to succeed in…
MIPI Alliance Announces Honorees in 10th Annual Membership Awards Ceremony – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
Wall Street gives chipmaker Valens a cool reception globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.
An engineer working at Valens, a high-speed chipmaker for the audio-video and automotive sectors. (Courtesy)
Valens, a maker of high-speed chips for the audio-video and automotive markets, said Tuesday it will merge with special purpose acquisition company PTK Acquisition Corp., a special purpose acquisition company, in a transaction that values the Israeli firm at $1.16 billion.
The company will be called Valens and will trade on the New York Stock Exchange under the symbol “VLN” following the transaction’s finalization, which is expected to occur later this fall, the companies said in a statement.
The deal will see Valens raising $240 million of gross proceeds from the deal.