Table of Contents Exhibit 99.1 VALENS SEMICONDUCTOR LTD. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (Unaudited) JUNE 30, 2022 Table of Contents VALENS SEMICONDUCTOR LTD. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (Unaudited) AS OF JUNE 30, 2022 CONTENTS CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)- IN U.S. DOLLARS ($): Balance sheets 3-4 Statements of operations 5 Statements of changes in shareholder's equity 6 Statements of cash flows 7 Notes to consolidated financial statement ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

Exhibit 99.1 Valens Semiconductor Reports Fourth Quarter and Full Year 2021 Results Delivered Record Annual and Quarterly Revenue in Both the Audio-Video and Automotive Segments HOD HASHARON, ISRAEL, March 2, 2022 – Valens Semiconductor Ltd. (NYSE: VLN), a premier provider of high-speed connectivity solutions for the automotive and audio-video markets, today reported financial results for the fourth quarter and full year ended December 31, 2021. "Valens Semiconductor delivered record revenues for the full y ...