Valens Semiconductor (VLN) 6-K 7 Aug 24 Condensed Consolidated Interim Financial Statements Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2024
Document Information Line Items
Entity Registrant Name	VALENS SEMICONDUCTOR LTD.
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001863006
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

Condensed Consolidated Interim

Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 24,706	$ 17,261
Short-term deposits	105,924	124,759
Trade accounts receivable	10,021	14,642
Prepaid expenses and other current assets	3,972	4,196
Inventories	14,070	13,836
TOTAL CURRENT ASSETS	158,693	174,694
LONG-TERM ASSETS:
Property and equipment, net	2,666	2,954
Operating lease right-of-use assets	6,777	2,202
Intangible assets	5,172
Goodwill	1,847
Other assets	633	708
TOTAL LONG-TERM ASSETS	17,095	5,864
TOTAL ASSETS	175,788	180,558
CURRENT LIABILITIES:
Trade accounts payable	3,532	4,950
Accrued compensation	4,240	4,257
Current maturities of operating leases liabilities	2,852	1,766
Other current liabilities	5,720	4,958
TOTAL CURRENT LIABILITIES	16,344	15,931
LONG-TERM LIABILITIES:
Forfeiture Shares, no par value: 1,006,250 shares authorized, issued and outstanding as of June 30, 2024, and December 31, 2023	3	38
Non-current operating leases liabilities	3,774	190
Earnout liability	2,064
Other long-term liabilities	75	95
TOTAL LONG-TERM LIABILITIES	5,916	323
TOTAL LIABILITIES	22,260	16,254
COMMITMENTS AND CONTINGENT LIABILITIES (note 7)
SHAREHOLDERS’ EQUITY:
Ordinary shares, no par value: 700,000,000 shares authorized as of June 30, 2024, and December 31, 2023; 105,574,104, and 98,876,266 (excluding 1,006,250 ordinary shares subject to forfeiture) shares issued and outstanding as of June 30, 2024, and December 31, 2023, respectively	49	49
Additional paid-in capital	349,726	341,591
Accumulated deficit	(196,247)	(177,336)
TOTAL SHAREHOLDERS’ EQUITY	153,528	164,304
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 175,788	$ 180,558

Condensed Consolidated Interi_2

Condensed Consolidated Interim Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Forfeiture shares, no par value (in Dollars per share)
Forfeiture shares, authorized	1,006,250	1,006,250
Forfeiture shares, issued	1,006,250	1,006,250
Forfeiture shares, outstanding	1,006,250	1,006,250
Ordinary shares, no par value (in Dollars per share)
Ordinary shares, shares authorized	700,000,000	700,000,000
Ordinary shares, shares issued	105,574,104	98,876,266
Ordinary shares, shares outstanding	105,574,104	98,876,266

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
REVENUES	$ 13,597	$ 24,175	$ 25,156	$ 48,055
COST OF REVENUES	(5,253)	(9,241)	(9,997)	(17,328)
GROSS PROFIT	8,344	14,934	15,159	30,727
OPERATING EXPENSES:
Research and development expenses	(9,961)	(12,161)	(20,106)	(26,121)
Sales and marketing expenses	(4,368)	(4,255)	(8,756)	(9,315)
General and administrative expenses	(3,397)	(3,701)	(6,968)	(7,533)
Change in earnout liability	(28)		(28)
TOTAL OPERATING EXPENSES	(17,754)	(20,117)	(35,858)	(42,969)
OPERATING LOSS	(9,410)	(5,183)	(20,699)	(12,242)
Change in fair value of Forfeiture Shares	10	22	35	1,529
Financial income, net	540	601	1,774	792
LOSS BEFORE INCOME TAXES	(8,860)	(4,560)	(18,890)	(9,921)
INCOME TAXES	(21)	(26)	(38)	(45)
LOSS AFTER INCOME TAXES	(8,881)	(4,586)	(18,928)	(9,966)
Equity in earnings of an investee	12	4	17	7
NET LOSS	$ (8,869)	$ (4,582)	$ (18,911)	$ (9,959)
Basic net loss per ordinary share (in Dollars per share)	$ (0.08)	$ (0.05)	$ (0.18)	$ (0.1)
Weighted average number of shares and vested RSUs used in computing net loss per ordinary share (in Shares)	105,079,508	101,685,915	104,563,467	101,381,153

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Operations (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Diluted net loss per ordinary share	$ (0.08)	$ (0.05)	$ (0.18)	$ (0.10)
Weighted average number of shares and vested RSUs used in computing net loss per ordinary share, diluted	105,079,508	101,685,915	104,563,467	101,381,153

Condensed Consolidated Interi_5

Condensed Consolidated Interim Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($) $ in Thousands		Ordinary shares		Additional paid- in capital	Accumulated deficit	Total
Balance at Dec. 31, 2022		$ 49		$ 325,067	$ (157,675)	$ 167,441
Balance (in Shares) at Dec. 31, 2022	[1]	98,876,266
Exercise of options and vesting of RSUs				986		986
Exercise of options and vesting of RSUs (in Shares)		2,966,800
Stock-based compensation				7,809		7,809
Net loss for the period					(9,959)	(9,959)
Balance at Jun. 30, 2023		$ 49		333,862	(167,634)	166,277
Balance (in Shares) at Jun. 30, 2023	[1]	101,843,066
Balance at Mar. 31, 2023		$ 49		329,817	(163,052)	166,814
Balance (in Shares) at Mar. 31, 2023	[1]	101,465,926
Exercise of options and vesting of RSUs				58		58
Exercise of options and vesting of RSUs (in Shares)		377,140
Stock-based compensation				3,987		3,987
Net loss for the period					(4,582)	(4,582)
Balance at Jun. 30, 2023		$ 49		333,862	(167,634)	166,277
Balance (in Shares) at Jun. 30, 2023	[1]	101,843,066
Balance at Dec. 31, 2023		$ 49		341,591	(177,336)	$ 164,304
Balance (in Shares) at Dec. 31, 2023		103,154,396	[1]			98,876,266
Exercise of options and vesting of RSUs				636		$ 636
Exercise of options and vesting of RSUs (in Shares)		2,419,708				936,281
Stock-based compensation				7,499		$ 7,499
Net loss for the period					(18,911)	(18,911)
Balance at Jun. 30, 2024		49		349,726	(196,247)	$ 153,528
Balance (in Shares) at Jun. 30, 2024						105,574,104
Balance at Mar. 31, 2024		$ 49		345,481	(187,378)	$ 158,152
Balance (in Shares) at Mar. 31, 2024	[1]	104,376,565
Exercise of options and vesting of RSUs				510		510
Exercise of options and vesting of RSUs (in Shares)		1,197,539
Stock-based compensation				3,735		3,735
Net loss for the period					(8,869)	(8,869)
Balance at Jun. 30, 2024		$ 49		$ 349,726	$ (196,247)	$ 153,528
Balance (in Shares) at Jun. 30, 2024						105,574,104
[1]Excluding 1,006,250 Forfeiture Shares

Condensed Interim Consolidated

Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the period	$ (8,869)	$ (4,582)	$ (18,911)	$ (9,959)
Income and expense items not involving cash flows:
Depreciation and amortization	479	414	935	793
Stock-based compensation	3,735	3,987	7,499	7,809
Exchange rate differences	741	1,021	1,266	2,273
Interest on short-term deposits	642	177	917	(389)
Change in fair value of Forfeiture Shares	(10)	(22)	(35)	(1,529)
Change in earnout liability	28		28
Reduction in the carrying amount of ROU assets	239	522	723	986
Equity in earnings of investee, net of dividend received	12	4	17	7
Changes in operating assets and liabilities, net of effects of businesses acquired:
Trade accounts receivable	180	(3,176)	4,915	(4,575)
Prepaid expenses and other current assets	101	1,042	308	403
Inventories	1,054	4,549	2,401	4,799
Other assets	(8)	(8)	66	34
Trade accounts payable		(1,475)	(1,835)	(6,948)
Accrued compensation	886	158	115	(1,008)
Other current liabilities	773	(1,797)	618	(216)
Change in operating lease liabilities	(204)	(457)	(622)	(859)
Other long-term liabilities	(4)	1	(20)	68
Net cash provided by (used in) operating activities	(225)	358	(1,615)	(8,311)
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in short-term deposits	(49,379)	(68,428)	(87,219)	(109,153)
Maturities of short-term deposits	47,059	74,810	104,038	118,954
Purchase of property and equipment	(235)	(777)	(265)	(919)
Cash paid for business combination, net of cash acquired (note 3)	(7,800)		(7,800)
Net cash provided by (used in) investing activities	(10,355)	5,605	8,754	8,882
CASH FLOWS FROM FINANCING ACTIVITIES:
Exercise of stock options	510	58	636	986
Net cash provided by financing activities	510	58	636	986
Effect of exchange rate changes on cash and cash equivalents	(324)	(100)	(330)	(171)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(10,394)	5,921	7,445	1,386
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	35,100	15,489	17,261	20,024
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	24,706	21,410	24,706	21,410
SUPPLEMENT DISCLOSURE OF CASH FLOW INFORMATION -
Cash paid for taxes	28	213	63	252
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Trade accounts payable on account on property and equipment	279	35	279	160
Fair value of earnout liability assumed in business combination	2,036		2,036
Operating lease liabilities arising from obtaining operating right-of-use assets	$ 4,802	$ 152	$ 4,833	$ 436

General

General	6 Months Ended
	Jun. 30, 2024
General [Abstract]
GENERAL	NOTE 1 - GENERAL a. Valens Semiconductor Ltd. (hereafter “Valens”, and together with its wholly owned subsidiaries, the “Company”), was incorporated in Israel in . As of September 30, 2021, the Company began trading on the New York Stock Exchange under the Symbol “VLN”. Valens is a leading provider of semiconductor products (chips), operates in the Audio-Video and Automotive industries, renowned for its Physical Layer (PHY) technology, enabling resilient high-speed connectivity over simple, low-cost infrastructure. Valens is the inventor of the HDBaseT Technology, which enables the converged delivery of ultra-high-definition digital video and audio, Ethernet, control signals, USB and power through a single cable. In the audio-video space, Valens’ HDBaseT technology enables plug-and-play digital connectivity between ultra-HD video sources and remote displays. In the automotive domain, Valens’ product offering includes both symmetric and asymmetric connectivity technology for high bandwidth transmission of native interfaces over a single low-cost wires and connectors. Valens’ advanced PHY technology for the auto industry provides the safety and resilience required to handle the noisy automotive environment, addressing the needs of Advanced Driver-Assistance Systems (ADAS), Automotive Data Solutions (ADS), infotainment, telematics and backbone connectivity. b. On October 7, 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on Israel’s civilian population and industrial centers along Israel’s border with the Gaza Strip and in the Central District of Israel. Following the attack, Israel’s security cabinet declared war against Hamas and a military campaign against the organization as Hamas has continued its rocket and terror attacks in parallel. In addition, Hezbollah has attacked military and civilian targets in northern Israel, to which Israel has responded and Iran launched a series of drone and missile strikes against Israel, to which Israel has responded as well. How long and how severe the current conflict in Gaza, Northern Israel or the broader region becomes is unknown at this time and any continued clash among Israel, Hamas, Hezbollah, Iran or other countries or militant groups in the region may escalate in the future into a greater regional conflict. To date the Company’s operations and financial results have not been materially affected.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstarct]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: a. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In our opinion, the information contained herein reflects all adjustments necessary for a fair statement of our results of operations, financial position, cash flows, and shareholders’ equity. All such adjustments are of a normal, recurring nature. The results of operations for the six and three months ended June 30, 2024, shown in these financial statements are not necessarily indicative of the results to be expected for the full year ending December 31, 2024. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that were included in Form 20-F for the year ended December 31, 2023. The carrying value of cash and cash equivalents, accounts receivables, deposits and accounts payable (included in the condensed consolidated balance sheets) approximates their fair value because of their generally short maturities. There have been no material changes in our significant accounting policies as described in our consolidated financial statements for the year ended December 31, 2023, except for the following. b. Business combination The Company allocates the fair value of consideration transferred in a business combination to the assets acquired and the liabilities assumed in the acquired business based on their fair values at the acquisition date. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred. The excess of the fair value of the consideration transferred over the fair value of the assets acquired, liabilities assumed in the acquired business is recorded as goodwill. The fair value of the consideration transferred may include a combination of cash and earn out payments. The allocation of the consideration transferred in certain cases may be subject to revision based on the final determination of fair values during the measurement period, which may be up to one year from the acquisition date. The cumulative impact of revisions during the measurement period is recognized in the reporting period in which the revisions are identified. The Company includes the results of operations of the businesses that it has acquired in its consolidated results prospectively from the respective dates of acquisition. c. Intangible assets Goodwill Goodwill reflects the excess of the consideration transferred at the business combination date over the fair values of the identifiable net assets acquired. Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. The Company allocates goodwill to its reporting units based on the reporting unit expected to benefit from the business combination. The primary items that generate goodwill include the value of the synergies between the acquired company and the Company and the acquired assembled workforce, neither of which qualifies for recognition as an intangible asset. ASC 350 allows an entity to first assess qualitative factors to determine whether a quantitative goodwill impairment test is necessary. Further testing is only required if the entity determines, based on the qualitative assessment, that it is more likely than not that a reporting unit’s fair value is less than its carrying amount. Otherwise, no further impairment testing is required. Examples of events or circumstances that may be indicative of impairment include but are not limited to: macroeconomic and industry conditions, overall financial performance and adverse changes in legal, regulatory, market share and other relevant entity specific events. An entity has the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to the quantitative goodwill impairment test. This would not preclude the entity from performing the qualitative assessment in any subsequent period. The quantitative assessment compares the fair value of the reporting unit to its carrying value, including goodwill. The Company determines the fair value of its reporting units using a discounted cash flow model, which utilizes key assumptions such as projected revenues, cost of revenues and operating expenses. These assumptions are determined by the Company’s management utilizing its internal operating plan, growth rates for revenues and operating expenses and margin assumptions. An additional key assumption under this approach is the discount rate, based on the weighted average cost of capital, which is adjusted for current risk-free rates of capital, current market interest rates, and the evaluation of a risk premium relevant to the business segment. If the Company’s assumptions relative to revenue growth rates, cost of revenues and operating expenses were to change, the Company’s fair value calculation may change, which could result in impairment. If the Company’s assumptions relative to the discount rate and the evaluation of risk premium growth rates were to change, the Company’s fair value calculation may change, which could result in impairment. The Company uses the income approach to determine the fair value of the reporting units because it considers the anticipated future financial performance of the reporting units. Accordingly, changes in the assumptions described above could have a material impact on the Company’s consolidated results of operations. The Company’s goodwill is tested for impairment at least on an annual basis and whenever events or changes in circumstances indicate the carrying value of a reporting unit may not be recoverable. When necessary, the Company records charges for impairments of goodwill for the amount by which the carrying amount of the respective reporting unit exceeds its fair value. However, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The goodwill identified in Acroname’s acquisition is assigned to the Audio Video segment (which was recorded in the acquisition of Acroname). The goodwill is deductible for tax purposes. Other Intangible Assets Definite life intangible assets are amortized using the straight-line method over their estimated period of useful life. Amortization of core technology is recorded under cost of revenues. Amortization of customer relationships is recorded under sales and marketing expenses. d. New Accounting Pronouncements New accounting pronouncements effective in future periods: Improvements to Reportable Segments Disclosures In November 2023, the FASB issued ASU 2023-07 “Segment Reporting–Improvements to Reportable Segments Disclosures (Topic 280)” to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in this ASU (1) require that a public entity disclose, on an annual and interim basis, significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss; (2) require that a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment and a description of its composition; (3) require that a public entity provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by Topic 280 in interim periods; (4) clarify that if the CODM uses more than one measure of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources, a public entity may report one or more of those additional measures; and (5) require that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure or measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied retrospectively to all periods presented. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of these amendments on its consolidated financial statements. Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740)–Improvements to Income Tax Disclosures” to enhance the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The amendments in this ASU require that public entities, on an annual basis, disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This ASU also requires that all entities disclose, on an annual basis, (1) the amount of income taxes paid disaggregated by federal, state, and foreign taxes, (2) the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal to or greater than five percent of total income taxes paid, (3) income or loss from continuing operations before income tax expense or benefit disaggregated between domestic and foreign, and (4) income tax expense or benefit from continuing operations disaggregated by federal, state, and foreign. For the Company, the amendments in this “ASU are effective for annual periods beginning after December 15, 2025, and should be applied on a prospective basis with the option to apply retrospectively. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The Company is currently evaluating the impact of the adoption of these amendments on its consolidated financial statements.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2024
Business Combination [Abstract]
BUSINESS COMBINATION	NOTE 3 - BUSINESS COMBINATION On May 31, 2024 (The “Closing date”), the Company closed a purchase transaction with the shareholders of Acroname Inc. (“Acroname”), a US company specializing in advanced automation and control technologies, to acquire 100% of its equity, for a total cash consideration of $9.1 million, of which $1.3 in consideration of the amount of cash held by Acroname at closing. The purchase price is subject to a post-closing adjustment for net working capital. In addition, the Company shall be obligated to pay Acroname’s former shareholders earn out payments of up to $7.2 million in cash, of which payment of $1.5 million upon completion of a development of a certain product by June 2026, and the remaining payment depending on the achievement of certain revenue, EBITDA and cashflow targets in 2024 and 2025. The following table summarizes the fair value of the consideration transferred to Acroname shareholders: U.S. dollars in Cash payment 9,160 Fair value of earnout liability (*) 2,036 Total consideration 11,196 (*) The Company recorded earn out liability in connection with its business combination at fair value on the acquisition date. The results of operations of Acroname have been included in the consolidated financial statements since the Closing date. The amounts of revenues and net loss related to Acroname that are included in the Company’s consolidated statements of operations for the period starting from the Closing date to June 30, 2024, are $445 thousand and $121 thousand, respectively (including amortization of tangible and intangible assets in the amount of $78 thousands). The Company accounted for the transaction in accordance with Accounting Standard Codification (“ASC”) 805, Business Combinations, and following the transaction, the Company consolidates all assets and liabilities included in the transaction in accordance with ASC 810, Consolidation. In the second quarter of 2024, the Company incurred $0.4 million of acquisition-related costs. Such costs are included under General and administrative expenses in the consolidated statements of operations. Accounting guidance provides that the allocation of the purchase price may be adjusted for up to one year from the date of the acquisition to the extent that additional information is obtained about the facts and circumstances that existed as of the acquisition date. The primary area of the purchase price allocation that is not yet finalized is related to intangible assets, inventory, certain tax matters and the related impact on goodwill. The following table summarizes the purchase price allocation to the fair value of the assets acquired and liabilities assumed: Allocation of Purchase Price U.S. dollars in thousands Cash and cash equivalents 1,360 Accounts Receivables 294 Inventory (1) 2,635 Other current assets 123 Property and equipment 25 Operating lease right-of-use assets 650 Core Technology (2) 4,653 Customer relationships (3) 597 Goodwill (4) 1,847 Total assets acquired 12,184 Operating leases liabilities (650 ) Other liabilities (338 ) Total liabilities assumed (988 ) Net assets acquired 11,196 (1) The estimated fair value of the finished goods inventory was deriving from its cost value, as of the valuation date, with the addition of the gross profit of Acroname, and after deducting the direct selling expenses with relation to the inventory, and the marketing profit. (2) The acquired company is deemed to have an underlying technology of a value, through its continued use or re-use in many products or many generations of a singular product (a product family). The fair value of Core Technology was estimated by applying the income approach, specifically the Multi Period Excess Earnings method. Core Technology is amortized over a period of 5.6 years. The discount rate for Acroname’s technology was estimated at 25.3% reflecting the WACC. (3) The fair value of the Customer relationships was estimated by applying the income approach, specifically the distributor method. The Customer relationships are amortized over a period of 5.6 years. The discount rate for Acroname’s customer relationship was estimated at 25.3% reflecting the WACC. (4) Goodwill is primarily related to the workforce, expected synergies such as potential cost savings in operations as a result of the business combination as well as potential future development of the mutual development projects. The goodwill is deductible for tax purposes. All of the $1,847 thousand of goodwill was assigned to Audio Video segment. The following unaudited pro forma summary presents condensed consolidated information of the Company as if the business combination had occurred on January 1, 2023. The pro forma results below include the impact of certain adjustments related to the amortization of tangible and intangible assets, transaction-related costs, and the related income tax effects. This pro forma presentation does not include any impact from transaction synergies or any other material, nonrecurring adjustments directly attributable to the business combination. Unaudited Pro-forma Six months ended Three months ended 2024 2023 2024 2023 Revenues 28,445 51,144 14,791 25,658 Net loss (18,506 ) (11,312 ) (8,954 ) (4,700 )

Inventories

Inventories	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
INVENTORIES	NOTE 4 - INVENTORIES: June 30, 2024 December 31, 2023 U.S. dollars in thousands Work in process 8,414 6,176 Finished goods 5,656 7,660 14,070 13,836 Inventories write-downs amounted to $300 thousand and $397 thousand during the six months ended June 30, 2024, and 2023, respectively. Inventories write-downs amounted to $32 thousand and $273 thousand during the three months ended June 30, 2024, and 2023, respectively.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
LEASES	NOTE 5 - LEASES: During April 2024, the Company signed an amendment to the lease agreement for its office space in Hod Hasharon, Israel, regarding 5,500 square meters. The amendment extend the lease term through February 28, 2029. This amendment also provides the Company with an option to extend the lease period by additional two years until February 28, 2031. The Company concluded that it is reasonably certain that it will exercise the renewal option. Accordingly, such renewal option was included in determining the lease term.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2024
Intangible Assets [Abstract]
INTANGIBLE ASSETS	NOTE 6 - INTANGIBLE ASSETS: The Identifiable intangible assets were recorded as follows (U.S. dollars in thousands): Useful Life (in Years) Gross carrying amount as of Accumulated amortization Net carrying amount as Core technology 5.58 4,653 69 4,584 Customer relationships 5.58 597 9 588 Total Intangible assets 5,250 78 5,172 Amortization of intangible assets for each of the next five years and thereafter is expected to be as follows: Remainder of 2024 470 2025 941 2026 941 2027 941 2028 and thenafter 1,879 Total 5,172

Commitments and Contingent Liab

Commitments and Contingent Liabilities	6 Months Ended
	Jun. 30, 2024
Commitments and Contingent Liabilities [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 7 - COMMITMENTS AND CONTINGENT LIABILITIES: a. Noncancelable Purchase Obligations The Company depends upon third party subcontractors for manufacturing of wafers, packaging and final tests. As of June 30, 2024, and December 31, 2023, the total value of open purchase orders for such manufacturing contractors was approximately $6,762 thousand and $4,951 thousand, respectively. The Company has noncancelable purchase agreements for certain IP embedded in the Company products as well as certain agreements for the license of development tools used by the development team. As of June 30, 2024, and December 31, 2023, the value of non-paid amounts related to such agreements totaled to $3,849 thousand and $5,513 thousand, respectively. b. Legal proceedings As of June 30, 2024, and to date, the Company is not a party to, or subject to the provisions of any order, writ, injunction, judgment or decree of any court or governmental agency or instrumentality. There is no action, suit, proceeding or investigation by the Company currently pending or that the Company intends to initiate. c. On March 26, 2024, the Company received a complaint from a customer regarding allegedly damaged products that suffer from a design and/or manufacturing defect. Preliminary internal assessments by the Company are currently being conducted. At this early stage, the Company is unable to estimate the volume of this alleged damage. As of June 30, 2024, the Company has not recorded a relevant provision in its books.

Other Current Liabilities

Other Current Liabilities	6 Months Ended
	Jun. 30, 2024
Other Current Liabilities [Abstract]
OTHER CURRENT LIABILITIES	NOTE 8 - OTHER CURRENT LIABILITIES: June 30, December 31, U.S. dollars in thousands Accrued vacation 3,269 2,820 Accrued expenses and other 2,432 2,102 Taxes payable 19 36 5,720 4,958

Forfeiture Shares

Forfeiture Shares	6 Months Ended
	Jun. 30, 2024
Forfeiture Shares [Abstract]
FORFEITURE SHARES	NOTE 9 - FORFEITURE SHARES: a. On September 29, 2021 (the “Closing Date”, please refer to note 1c of the financial statements as of December 31, 2023), 1,006,250 Ordinary Shares that PTK sponsor received in respect of its PTK common stock, are subject to forfeiture if certain price targets for the Valens Ordinary Shares are not achieved within a certain period of time (of up to four years), after the Closing Date or if an M&A Transaction (as defined in the Merger Agreement Closing, please refer to note 1c of the financial statements as of December 31, 2023), does not occur at a certain minimum price. The Company performed a Monte-Carlo simulation to calculate the fair value of such shares. The fair value of the Forfeiture Shares was computed using the following key assumptions: June 30, December 31, Stock price 3.19 2.45 Expected term (years) 0.25-1.25 0.75-1.75 Expected volatility 44.79%-59.80% 30.95%-60.31% Risk-free interest rate 5.00%-5.48% 4.37%-5.03% b. The table below sets forth a summary of the changes in the fair value of the Forfeiture Shares classified as Level 3: Six months ended Year ended U.S. dollars in thousands Balance at beginning of period 38 1,751 Changes in fair value (35 ) (1,713 ) Balance at end of the period 3 38

Earnout Liability

Earnout Liability	6 Months Ended
	Jun. 30, 2024
Earnout Liability [Abstract]
EARNOUT LIABILITY	NOTE 10 - EARNOUT LIABILITY The Company shall be obligated to pay Acroname’s former shareholders earn out payments of up to $7.2 million, of which an amount of $1.5 million upon completion of a development of a certain product by June 2026, and the remaining amount depending on the achievement of certain revenue, EBITDA and cashflow targets in 2024 and 2025. The Company recorded earn out liability in connection with these payments at fair value on the acquisition date. The Company performed a Monte-Carlo simulation to calculate the fair value of earnout liability. The fair value of the earnout liability was computed using the following key assumptions: discount rate of 21.4%, expected term of 1.59-2.08 years, expected volatility of 55.71% and risk-free interest rate of 5.04%. Each reporting period thereafter, the Company revalues the earn-out liability and records the changes in their fair value in the consolidated statements of operations and comprehensive loss. Changes in the fair value of earnout liability can result from adjustments to the discount rates, revenues, profitability targets and achievement of mutual development project. This fair value measurement represents Level 3 measurements, as they are based on significant inputs not observable in the market. Significant judgment is required in determining the assumptions utilized as of the acquisition date and for each subsequent period. Accordingly, changes in the assumptions described above could have a material impact on the Company’s consolidated results of operations. Each reporting period thereafter, the Company will revalue earnout liability and record the changes in the fair value in consolidated statements of operations. Significant changes in unobservable inputs, mainly the probability of success and cash flows projected, could result in material changes to the earnout liability. The fair value of the earnout liability was computed using the following key assumptions: June 30, Discount rate 21.3% Expected term (years) 1.50-2.00 Expected volatility 56.72% Risk-free interest rate 4.90% The following table summarizes the activity for the earnout liability, where fair value measurement is estimated utilizing Level 3 inputs: Six months ended Year ended U.S. dollars in thousands Fair value at the beginning of the year - - Initial recognition of earnout liability (2,036 ) - Change in fair value of earnout liability (28 ) - Fair value at the end of the year (2,064 ) -

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Stock-Based Compensation [Abstract]
STOCK-BASED COMPENSATION	NOTE 11 - STOCK-BASED COMPENSATION: Stock Options As of June 30, 2024, and December 31, 2023, the number of ordinary shares included in the Company’s option plans totaled to 35,874,244 and 30,666,212, respectively. 425,077 out of the outstanding options that have not yet vested as of June 30, 2024, have acceleration mechanisms according to certain terms set forth in the grant agreements primarily in the case of an M&A Transaction which constitutes a Liquidation Event. As of June 30, 2024, the unrecognized compensation costs related to those unvested stock options are $690 thousand, which are expected to be recognized over a weighted-average period of 1.79 years. The following is a summary of the status of the Company’s share option plan as of June 30, 2024: Six months ended June 30, 2024 Number of Options Weighted-Average Exercise price Options outstanding as of December 31, 2023 11,326,943 $ 0.97 Granted during the period 423,795 $ 2.39 Exercised during the period (936,281 ) $ 0.68 Forfeited during the period (1,451 ) $ 0.86 Options outstanding as of June 30, 2024 10,813,006 $ 1.06 Options exercisable as of June 30, 2024 9,928,467 $ 0.96 The following table summarizes information about stock options outstanding as of June 30, 2024: Outstanding as of June 30, 2024 Exercisable as of June 30, 2024 Range of Number Weighted Weighted Aggregate Number Weighted Weighted Aggregate $0.15-$0.86 9,942,319 4.39 0.80 23,770 9,551,815 4.31 0.80 22,860 $1.87 3,313 6.53 1.87 4 2,691 6.53 1.87 4 $2.10 16,563 0.51 2.10 18 16,563 0.51 2.10 18 $2.39-$2.40 425,269 6.54 2.39 340 78,632 6.54 2.39 63 $4.99 196,625 5.55 4.99 - 120,144 5.55 4.99 - $5.36 140,000 5.00 5.36 - 70,000 5.00 5.36 - $7.58 85,380 4.54 7.58 - 85,380 4.54 7.58 - $9.07 3,537 4.46 9.07 - 3,242 4.46 9.07 - The calculated fair value of option grants was estimated using the Black-Scholes option-pricing model with the following assumptions: For the Six months ended on June 30, For the six months ended on June 30, Expected term 4-5 3-5 Expected volatility 58.56% 48.35%-63.84% Expected dividend rate 0% 0% Risk-free rate 3.85%-3.92% 3.62%-4.21% During the six months period ended on June 30, 2024, 423,795 options were granted to related parties (please refer to Note 15 for further information). As of June 30, 2024, the unrecognized compensation costs related to unvested stock options was $1,946 thousand, which are expected to be recognized over a weighted-average period of 1.15 years. The weighted-average fair value of the options that were granted during the period ended June 30, 2024 was $2.39 at the grant date. The total intrinsic value of options exercised during the period of six months ended June 30, 2024 and 2023 was $1,821 and $7,965 thousand, respectively. The following table presents the classification of the stock options expenses for the periods indicated: Six months ended Three months ended 2024 2023 2024 2023 U.S. dollars in thousands Cost of revenue 88 96 44 46 Research and development 441 631 218 309 Sales and marketing 490 570 241 278 General and administrative 563 1,350 187 671 Total stock-based compensation 1,582 2,647 690 1,304 Restricted Stock Units The following is a summary of the status of the Company’s RSU’s as of June 30, 2024, as well as changes during the period of six months ended June 30, 2024: Number of RSUs Weighted-Average Grant Date Fair Value Outstanding at the beginning of the year 5,442,313 $ 5.26 Granted during the period 5,970,121 $ 2.17 Vested during the period (1,483,427 ) $ 5.28 Forfeited during the period (207,211 ) $ 3.58 Outstanding at the end of the period 9,721,796 $ 3.36 As of June 30, 2024, the unrecognized compensation cost related to unvested RSUs totaled to approximately $27,957 thousand and is expected to be expensed over a weighted-average recognition period of approximately 2.7 years. During the six months ended on June 30, 2024, 818,004 RSU’s were granted to several related parties (please refer to Note 15 regarding Related Parties). The following table presents the classification of RSU’s expenses for the periods indicated: Six months ended Three months ended 2024 2023 2024 2023 U.S. dollars in thousands Cost of revenue 386 288 199 151 Research and development 2,957 2,779 1,512 1,462 Sales and marketing 1,489 1,197 762 613 General and administrative 1,085 898 572 457 Total stock-based compensation-RSUs 5,917 5,162 3,045 2,683

Net Income (Loss) Per Ordinary

Net Income (Loss) Per Ordinary Share	6 Months Ended
	Jun. 30, 2024
Net Income (Loss) Per Ordinary Share [Abstract]
NET INCOME (LOSS) PER ORDINARY SHARE	NOTE 12 - NET INCOME (LOSS) PER ORDINARY SHARE: The following table sets forth the computation of basic and diluted net income (loss) per ordinary share for the periods indicated: Six months ended Three months ended June 30, June 30, June 30, June 30, Basic net loss per ordinary share Numerator: Net loss (18,911 ) (9,959 ) (8,869 ) (4,582 ) Denominator: Weighted average common shares and vested RSUs – basic and diluted 104,563,467 101,381,153 105,079,508 101,685,915 Basic and dilutive net loss per common share (0.18 ) (0.10 ) (0.08 ) (0.05 ) The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been anti-dilutive: Six months ended Three months ended June 30, June 30, June 30, June 30, Options 11,069,975 13,097,348 11,178,735 12,315,780 Restricted Stock Units 7,582,055 5,050,085 9,434,974 6,486,973 Private Warrants 3,330,000 3,330,000 3,330,000 3,330,000 Public Warrants 5,750,000 5,750,000 5,750,000 5,750,000 Forfeiture Shares 1,006,250 1,006,250 1,006,250 1,006,250

Financial Income, Net

Financial Income, Net	6 Months Ended
	Jun. 30, 2024
Financial Income, Net [Abstract]
FINANCIAL INCOME, NET	NOTE 13 - FINANCIAL INCOME , NET: Six months ended Three months ended 2024 2023 2024 2023 U.S. dollars in thousands Foreign currency exchange differences (1,271 ) (2,273 ) (745 ) (1,021 ) Interest income on short-term deposits 3,061 3,090 1,294 1,630 Other (16 ) (25 ) (9 ) (8 ) Total financial income, net 1,774 792 540 601

Segment and Revenue by Geograph

Segment and Revenue by Geography and By Major Customer	6 Months Ended
	Jun. 30, 2024
Segment and Revenue by Geography and by Major Customer [Abstract]
SEGMENT AND REVENUE BY GEOGRAPHY AND BY MAJOR CUSTOMER	NOTE 14 - SEGMENT AND REVENUE BY GEOGRAPHY AND BY MAJOR CUSTOMER a. For the purpose of evaluating financial performance and allocating resources, the CODM reviews financial information presented on a consolidated basis accompanied by disaggregated information about revenues, gross profit and operating loss by the two identified reportable segments, to make decisions about resources to be allocated to the segments and assess their performance. Assets information is not provided to the CODM and is not being reviewed. Revenues and cost of goods sold are directly associated with the activities of a specific segment. Direct operating expenses, including general and administrative expenses, associated with the activities of a specific segment are charged to that segment. General and administrative expenses which cannot be attributed directly, are allocated evenly between segments. Other operating expenses are allocated to segments based on headcount ratio. Six months ended on June 30, 2024 Audio-Video Automotive Consolidated U.S. dollars in thousands Revenues 15,247 9,909 25,156 Gross profit 11,624 3,535 15,159 Research and development expenses 11,778 8,328 20,106 Sales and marketing expenses 3,939 4,817 8,756 General and administrative expenses 3,604 3,364 6,968 Change in earnout liability 28 - 28 Segment operating loss (7,725 ) (12,974 ) (20,699 ) Change in fair value of Forfeiture Shares 35 Financial expenses, net 1,774 Loss before taxes on income (18,890 ) Depreciation and Amortization expenses 507 428 935 Stock-based compensation 3,424 4,075 7,499 Six months ended on June 30, 2023 Audio-Video Automotive Consolidated U.S. dollars in thousands Revenues 31,828 16,227 48,055 Gross profit 24,734 5,993 30,727 Research and development expenses 11,094 15,027 26,121 Sales and marketing expenses 4,009 5,306 9,315 General and administrative expenses 3,756 3,777 7,533 Segment operating profit (loss) 5,875 (18,117 ) (12,242 ) Change in fair value of Forfeiture Shares 1,529 Financial expenses, net 792 Loss before taxes on income (9,921 ) Depreciation expenses 352 441 793 Stock-based compensation 3,287 4,522 7,809 Three months ended on June 30, 2024 Audio-Video Automotive Consolidated U.S. dollars in thousands Revenues 8,070 5,527 13,597 Gross profit 6,085 2,259 8,344 Research and development expenses 5,921 4,040 9,961 Sales and marketing expenses 2,066 2,302 4,368 General and administrative expenses 1,765 1,632 3,397 Change in earnout liability 28 - 28 Segment operating (loss) (3,695 ) (5,715 ) (9,410 ) Change in fair value of Forfeiture Shares 10 Financial expenses, net 540 Loss before taxes on income (8,860 ) Depreciation and Amortization expenses 279 200 479 Stock-based compensation 1,703 2,032 3,735 Three months ended on June 30, 2023 Audio-Video Automotive Consolidated U.S. dollars in thousands Revenues 15,469 8,706 24,175 Gross profit 11,644 3,290 14,934 Research and development expenses 4822 7,339 12,161 Sales and marketing expenses 1,892 2,363 4,255 General and administrative expenses 1,857 1,844 3,701 Segment operating profit (loss) 3,072 (8,255 ) (5,183 ) Change in fair value of Forfeiture Shares 22 Financial expenses, net 601 Loss before taxes on income (4,560 ) Depreciation expenses 173 241 414 Stock-based compensation 1,678 2,309 3,987 b. Geographic Revenues The following table shows revenue by geography, based on the customers’ “bill to” location: Six months ended Three months ended 2024 2023 2024 2023 U.S. dollars in thousands Israel 431 1,266 178 543 China 3,507 4,755 1,987 2,332 United States 4,462 3,441 3,013 1,981 Portugal 3,098 67 1,207 67 Hungary 6,129 13,013 4,082 6,955 Japan 2,036 4,605 837 2,248 Germany 1,427 5,637 598 2,989 Taiwan 483 4,992 209 1,748 Other 3,583 10,279 1,486 5,312 25,156 48,055 13,597 24,175 c. Supplemental data - Major Customers The following tables summarize the significant customers’ (including distributors) accounts receivable and revenues as a percentage of total accounts receivable and total revenues, respectively: June 30, December 31, Accounts Receivable % of Account Receivable Customer A 28 % 19 % Customer B 19 % 3 % Customer C 15 % 11 % Customer D 4 % 11 % Customer E 6 % 10 % Six months ended June 30, Three months ended June 30, 2024 2023 2024 2023 Revenues % of Revenues % of Revenues Customer A 14 % 19 % 24 % 21 % Customer B 12 % 0 % 8 % 0 % Customer C 10 % 11 % 11 % 11 % Customer D 10 % 3 % 9 % 3 % Customer E 7 % 7 % 9 % 6 % Customer F 10 % 6 % 5 % 6 % d. Long-lived assets by Geography: June 30, December 31, U.S. dollars in thousands Domestic (Israel) 8,240 4,419 China 142 176 USA 784 139 Other 277 422 9,443 5,156

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 15 - RELATED PARTY TRANSACTIONS During the six months ended June 30, 2024, the Company granted 423,795 stock options, at a weighted average exercise price of $2.39 to several executive officers, and Board of Directors (“Board”) members of the Company. In addition, during the six months ended June 30, 2024 the Company granted 818,004 RSUs to several executive officers and Board members of the Company. No stock options and RSUs were granted in the three months ended June 30, 2024. The fair value of the stock options that were granted during the six months ended June 30, 2024 is $489 thousand, which is expected to be recognized over a 1-4 years vesting period, and the fair value of the granted RSUs is $9,858 thousand, which is expected to be recognized over a 1-4-years vesting period.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstarct]
Basis of Presentation	a. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In our opinion, the information contained herein reflects all adjustments necessary for a fair statement of our results of operations, financial position, cash flows, and shareholders’ equity. All such adjustments are of a normal, recurring nature. The results of operations for the six and three months ended June 30, 2024, shown in these financial statements are not necessarily indicative of the results to be expected for the full year ending December 31, 2024. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that were included in Form 20-F for the year ended December 31, 2023. The carrying value of cash and cash equivalents, accounts receivables, deposits and accounts payable (included in the condensed consolidated balance sheets) approximates their fair value because of their generally short maturities. There have been no material changes in our significant accounting policies as described in our consolidated financial statements for the year ended December 31, 2023, except for the following.
Business combination	b. Business combination The Company allocates the fair value of consideration transferred in a business combination to the assets acquired and the liabilities assumed in the acquired business based on their fair values at the acquisition date. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred. The excess of the fair value of the consideration transferred over the fair value of the assets acquired, liabilities assumed in the acquired business is recorded as goodwill. The fair value of the consideration transferred may include a combination of cash and earn out payments. The allocation of the consideration transferred in certain cases may be subject to revision based on the final determination of fair values during the measurement period, which may be up to one year from the acquisition date. The cumulative impact of revisions during the measurement period is recognized in the reporting period in which the revisions are identified. The Company includes the results of operations of the businesses that it has acquired in its consolidated results prospectively from the respective dates of acquisition.
Intangible assets	c. Intangible assets Goodwill Goodwill reflects the excess of the consideration transferred at the business combination date over the fair values of the identifiable net assets acquired. Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. The Company allocates goodwill to its reporting units based on the reporting unit expected to benefit from the business combination. The primary items that generate goodwill include the value of the synergies between the acquired company and the Company and the acquired assembled workforce, neither of which qualifies for recognition as an intangible asset. ASC 350 allows an entity to first assess qualitative factors to determine whether a quantitative goodwill impairment test is necessary. Further testing is only required if the entity determines, based on the qualitative assessment, that it is more likely than not that a reporting unit’s fair value is less than its carrying amount. Otherwise, no further impairment testing is required. Examples of events or circumstances that may be indicative of impairment include but are not limited to: macroeconomic and industry conditions, overall financial performance and adverse changes in legal, regulatory, market share and other relevant entity specific events. An entity has the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to the quantitative goodwill impairment test. This would not preclude the entity from performing the qualitative assessment in any subsequent period. The quantitative assessment compares the fair value of the reporting unit to its carrying value, including goodwill. The Company determines the fair value of its reporting units using a discounted cash flow model, which utilizes key assumptions such as projected revenues, cost of revenues and operating expenses. These assumptions are determined by the Company’s management utilizing its internal operating plan, growth rates for revenues and operating expenses and margin assumptions. An additional key assumption under this approach is the discount rate, based on the weighted average cost of capital, which is adjusted for current risk-free rates of capital, current market interest rates, and the evaluation of a risk premium relevant to the business segment. If the Company’s assumptions relative to revenue growth rates, cost of revenues and operating expenses were to change, the Company’s fair value calculation may change, which could result in impairment. If the Company’s assumptions relative to the discount rate and the evaluation of risk premium growth rates were to change, the Company’s fair value calculation may change, which could result in impairment. The Company uses the income approach to determine the fair value of the reporting units because it considers the anticipated future financial performance of the reporting units. Accordingly, changes in the assumptions described above could have a material impact on the Company’s consolidated results of operations. The Company’s goodwill is tested for impairment at least on an annual basis and whenever events or changes in circumstances indicate the carrying value of a reporting unit may not be recoverable. When necessary, the Company records charges for impairments of goodwill for the amount by which the carrying amount of the respective reporting unit exceeds its fair value. However, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The goodwill identified in Acroname’s acquisition is assigned to the Audio Video segment (which was recorded in the acquisition of Acroname). The goodwill is deductible for tax purposes. Other Intangible Assets Definite life intangible assets are amortized using the straight-line method over their estimated period of useful life. Amortization of core technology is recorded under cost of revenues. Amortization of customer relationships is recorded under sales and marketing expenses.
New Accounting Pronouncements	d. New Accounting Pronouncements New accounting pronouncements effective in future periods: Improvements to Reportable Segments Disclosures In November 2023, the FASB issued ASU 2023-07 “Segment Reporting–Improvements to Reportable Segments Disclosures (Topic 280)” to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in this ASU (1) require that a public entity disclose, on an annual and interim basis, significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss; (2) require that a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment and a description of its composition; (3) require that a public entity provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by Topic 280 in interim periods; (4) clarify that if the CODM uses more than one measure of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources, a public entity may report one or more of those additional measures; and (5) require that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure or measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied retrospectively to all periods presented. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of these amendments on its consolidated financial statements. Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740)–Improvements to Income Tax Disclosures” to enhance the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The amendments in this ASU require that public entities, on an annual basis, disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This ASU also requires that all entities disclose, on an annual basis, (1) the amount of income taxes paid disaggregated by federal, state, and foreign taxes, (2) the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal to or greater than five percent of total income taxes paid, (3) income or loss from continuing operations before income tax expense or benefit disaggregated between domestic and foreign, and (4) income tax expense or benefit from continuing operations disaggregated by federal, state, and foreign. For the Company, the amendments in this “ASU are effective for annual periods beginning after December 15, 2025, and should be applied on a prospective basis with the option to apply retrospectively. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The Company is currently evaluating the impact of the adoption of these amendments on its consolidated financial statements.

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination [Abstract]
Schedule of Fair Value of Consideration Transferred to Acroname Shareholders	The following table summarizes the fair value of the consideration transferred to Acroname shareholders: U.S. dollars in Cash payment 9,160 Fair value of earnout liability (*) 2,036 Total consideration 11,196 (*) The Company recorded earn out liability in connection with its business combination at fair value on the acquisition date.
Schedule of Assets Acquired and Liabilities	The following table summarizes the purchase price allocation to the fair value of the assets acquired and liabilities assumed: Allocation of Purchase Price U.S. dollars in thousands Cash and cash equivalents 1,360 Accounts Receivables 294 Inventory (1) 2,635 Other current assets 123 Property and equipment 25 Operating lease right-of-use assets 650 Core Technology (2) 4,653 Customer relationships (3) 597 Goodwill (4) 1,847 Total assets acquired 12,184 Operating leases liabilities (650 ) Other liabilities (338 ) Total liabilities assumed (988 ) Net assets acquired 11,196 (1) The estimated fair value of the finished goods inventory was deriving from its cost value, as of the valuation date, with the addition of the gross profit of Acroname, and after deducting the direct selling expenses with relation to the inventory, and the marketing profit. (2) The acquired company is deemed to have an underlying technology of a value, through its continued use or re-use in many products or many generations of a singular product (a product family). The fair value of Core Technology was estimated by applying the income approach, specifically the Multi Period Excess Earnings method. Core Technology is amortized over a period of 5.6 years. The discount rate for Acroname’s technology was estimated at 25.3% reflecting the WACC. (3) The fair value of the Customer relationships was estimated by applying the income approach, specifically the distributor method. The Customer relationships are amortized over a period of 5.6 years. The discount rate for Acroname’s customer relationship was estimated at 25.3% reflecting the WACC. (4) Goodwill is primarily related to the workforce, expected synergies such as potential cost savings in operations as a result of the business combination as well as potential future development of the mutual development projects. The goodwill is deductible for tax purposes. All of the $1,847 thousand of goodwill was assigned to Audio Video segment.
Schedule of Unaudited Pro-Forma	This pro forma presentation does not include any impact from transaction synergies or any other material, nonrecurring adjustments directly attributable to the business combination. Unaudited Pro-forma Six months ended Three months ended 2024 2023 2024 2023 Revenues 28,445 51,144 14,791 25,658 Net loss (18,506 ) (11,312 ) (8,954 ) (4,700 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
Schedule of Inventories	June 30, 2024 December 31, 2023 U.S. dollars in thousands Work in process 8,414 6,176 Finished goods 5,656 7,660 14,070 13,836

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible Assets [Abstract]
Schedule of Identifiable Intangible Assets	The Identifiable intangible assets were recorded as follows (U.S. dollars in thousands): Useful Life (in Years) Gross carrying amount as of Accumulated amortization Net carrying amount as Core technology 5.58 4,653 69 4,584 Customer relationships 5.58 597 9 588 Total Intangible assets 5,250 78 5,172
Schedule of Amortization of Intangible Assets	Amortization of intangible assets for each of the next five years and thereafter is expected to be as follows: Remainder of 2024 470 2025 941 2026 941 2027 941 2028 and thenafter 1,879 Total 5,172

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Other Current Liabilities [Abstract]
Schedule of Other Current Liabilities	June 30, December 31, U.S. dollars in thousands Accrued vacation 3,269 2,820 Accrued expenses and other 2,432 2,102 Taxes payable 19 36 5,720 4,958

Forfeiture Shares (Tables)

Forfeiture Shares (Tables)	6 Months Ended
	Jun. 30, 2024
Forfeiture Shares (Tables) [Line Items]
Schedule of Changes in Fair Value of Forfeited Shares	The table below sets forth a summary of the changes in the fair value of the Forfeiture Shares classified as Level 3: Six months ended Year ended U.S. dollars in thousands Balance at beginning of period 38 1,751 Changes in fair value (35 ) (1,713 ) Balance at end of the period 3 38
Forfeiture Shares [Member]
Forfeiture Shares (Tables) [Line Items]
Schedule of Fair Value of Forfeited Shares	The fair value of the Forfeiture Shares was computed using the following key assumptions: June 30, December 31, Stock price 3.19 2.45 Expected term (years) 0.25-1.25 0.75-1.75 Expected volatility 44.79%-59.80% 30.95%-60.31% Risk-free interest rate 5.00%-5.48% 4.37%-5.03%

Earnout Liability (Tables)

Earnout Liability (Tables)	6 Months Ended
	Jun. 30, 2024
Earnout Liability (Tables) [Line Items]
Schedule of Fair Value Measurement is Estimated Utilizing Level 3 Inputs	The following table summarizes the activity for the earnout liability, where fair value measurement is estimated utilizing Level 3 inputs: Six months ended Year ended U.S. dollars in thousands Fair value at the beginning of the year - - Initial recognition of earnout liability (2,036 ) - Change in fair value of earnout liability (28 ) - Fair value at the end of the year (2,064 ) -
Earnout Liability [Member]
Earnout Liability (Tables) [Line Items]
Schedule of Fair Value of the Earnout Liability	The fair value of the earnout liability was computed using the following key assumptions: June 30, Discount rate 21.3% Expected term (years) 1.50-2.00 Expected volatility 56.72% Risk-free interest rate 4.90%

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Stock-Based Compensation (Tables) [Line Items]
Schedule of Share Option Plan	The following is a summary of the status of the Company’s share option plan as of June 30, 2024: Six months ended June 30, 2024 Number of Options Weighted-Average Exercise price Options outstanding as of December 31, 2023 11,326,943 $ 0.97 Granted during the period 423,795 $ 2.39 Exercised during the period (936,281 ) $ 0.68 Forfeited during the period (1,451 ) $ 0.86 Options outstanding as of June 30, 2024 10,813,006 $ 1.06 Options exercisable as of June 30, 2024 9,928,467 $ 0.96
Schedule of Information about Stock Options Outstanding	The following table summarizes information about stock options outstanding as of June 30, 2024: Outstanding as of June 30, 2024 Exercisable as of June 30, 2024 Range of Number Weighted Weighted Aggregate Number Weighted Weighted Aggregate $0.15-$0.86 9,942,319 4.39 0.80 23,770 9,551,815 4.31 0.80 22,860 $1.87 3,313 6.53 1.87 4 2,691 6.53 1.87 4 $2.10 16,563 0.51 2.10 18 16,563 0.51 2.10 18 $2.39-$2.40 425,269 6.54 2.39 340 78,632 6.54 2.39 63 $4.99 196,625 5.55 4.99 - 120,144 5.55 4.99 - $5.36 140,000 5.00 5.36 - 70,000 5.00 5.36 - $7.58 85,380 4.54 7.58 - 85,380 4.54 7.58 - $9.07 3,537 4.46 9.07 - 3,242 4.46 9.07 -
Schedule of Option-Pricing Model	The calculated fair value of option grants was estimated using the Black-Scholes option-pricing model with the following assumptions: For the Six months ended on June 30, For the six months ended on June 30, Expected term 4-5 3-5 Expected volatility 58.56% 48.35%-63.84% Expected dividend rate 0% 0% Risk-free rate 3.85%-3.92% 3.62%-4.21%
Schedule of Classification of RSU's Expenses	The following table presents the classification of the stock options expenses for the periods indicated: Six months ended Three months ended 2024 2023 2024 2023 U.S. dollars in thousands Cost of revenue 88 96 44 46 Research and development 441 631 218 309 Sales and marketing 490 570 241 278 General and administrative 563 1,350 187 671 Total stock-based compensation 1,582 2,647 690 1,304
Schedule of Company’s RSU’s	The following is a summary of the status of the Company’s RSU’s as of June 30, 2024, as well as changes during the period of six months ended June 30, 2024: Number of RSUs Weighted-Average Grant Date Fair Value Outstanding at the beginning of the year 5,442,313 $ 5.26 Granted during the period 5,970,121 $ 2.17 Vested during the period (1,483,427 ) $ 5.28 Forfeited during the period (207,211 ) $ 3.58 Outstanding at the end of the period 9,721,796 $ 3.36
Restricted Stock Units [Member]
Stock-Based Compensation (Tables) [Line Items]
Schedule of Classification of RSU's Expenses	The following table presents the classification of RSU’s expenses for the periods indicated: Six months ended Three months ended 2024 2023 2024 2023 U.S. dollars in thousands Cost of revenue 386 288 199 151 Research and development 2,957 2,779 1,512 1,462 Sales and marketing 1,489 1,197 762 613 General and administrative 1,085 898 572 457 Total stock-based compensation-RSUs 5,917 5,162 3,045 2,683

Net Income (Loss) Per Ordinar_2

Net Income (Loss) Per Ordinary Share (Tables)	6 Months Ended
	Jun. 30, 2024
Net Income (Loss) Per Ordinary Share [Abstract]
Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share	The following table sets forth the computation of basic and diluted net income (loss) per ordinary share for the periods indicated: Six months ended Three months ended June 30, June 30, June 30, June 30, Basic net loss per ordinary share Numerator: Net loss (18,911 ) (9,959 ) (8,869 ) (4,582 ) Denominator: Weighted average common shares and vested RSUs – basic and diluted 104,563,467 101,381,153 105,079,508 101,685,915 Basic and dilutive net loss per common share (0.18 ) (0.10 ) (0.08 ) (0.05 )
Schedule of Weighted-Average Shares of Securities	The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been anti-dilutive: Six months ended Three months ended June 30, June 30, June 30, June 30, Options 11,069,975 13,097,348 11,178,735 12,315,780 Restricted Stock Units 7,582,055 5,050,085 9,434,974 6,486,973 Private Warrants 3,330,000 3,330,000 3,330,000 3,330,000 Public Warrants 5,750,000 5,750,000 5,750,000 5,750,000 Forfeiture Shares 1,006,250 1,006,250 1,006,250 1,006,250

Financial Income, Net (Tables)

Financial Income, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Financial Income, Net [Abstract]
Schedule of Financial Income, Net	Six months ended Three months ended 2024 2023 2024 2023 U.S. dollars in thousands Foreign currency exchange differences (1,271 ) (2,273 ) (745 ) (1,021 ) Interest income on short-term deposits 3,061 3,090 1,294 1,630 Other (16 ) (25 ) (9 ) (8 ) Total financial income, net 1,774 792 540 601

Segment and Revenue by Geogra_2

Segment and Revenue by Geography and By Major Customer (Tables)	6 Months Ended
	Jun. 30, 2024
Segment and Revenue by Geography and by Major Customer [Abstract]
Schedule of Evaluating Financial Performance and Allocating Resources	Six months ended on June 30, 2024 Audio-Video Automotive Consolidated U.S. dollars in thousands Revenues 15,247 9,909 25,156 Gross profit 11,624 3,535 15,159 Research and development expenses 11,778 8,328 20,106 Sales and marketing expenses 3,939 4,817 8,756 General and administrative expenses 3,604 3,364 6,968 Change in earnout liability 28 - 28 Segment operating loss (7,725 ) (12,974 ) (20,699 ) Change in fair value of Forfeiture Shares 35 Financial expenses, net 1,774 Loss before taxes on income (18,890 ) Depreciation and Amortization expenses 507 428 935 Stock-based compensation 3,424 4,075 7,499 Six months ended on June 30, 2023 Audio-Video Automotive Consolidated U.S. dollars in thousands Revenues 31,828 16,227 48,055 Gross profit 24,734 5,993 30,727 Research and development expenses 11,094 15,027 26,121 Sales and marketing expenses 4,009 5,306 9,315 General and administrative expenses 3,756 3,777 7,533 Segment operating profit (loss) 5,875 (18,117 ) (12,242 ) Change in fair value of Forfeiture Shares 1,529 Financial expenses, net 792 Loss before taxes on income (9,921 ) Depreciation expenses 352 441 793 Stock-based compensation 3,287 4,522 7,809 Three months ended on June 30, 2024 Audio-Video Automotive Consolidated U.S. dollars in thousands Revenues 8,070 5,527 13,597 Gross profit 6,085 2,259 8,344 Research and development expenses 5,921 4,040 9,961 Sales and marketing expenses 2,066 2,302 4,368 General and administrative expenses 1,765 1,632 3,397 Change in earnout liability 28 - 28 Segment operating (loss) (3,695 ) (5,715 ) (9,410 ) Change in fair value of Forfeiture Shares 10 Financial expenses, net 540 Loss before taxes on income (8,860 ) Depreciation and Amortization expenses 279 200 479 Stock-based compensation 1,703 2,032 3,735 Three months ended on June 30, 2023 Audio-Video Automotive Consolidated U.S. dollars in thousands Revenues 15,469 8,706 24,175 Gross profit 11,644 3,290 14,934 Research and development expenses 4822 7,339 12,161 Sales and marketing expenses 1,892 2,363 4,255 General and administrative expenses 1,857 1,844 3,701 Segment operating profit (loss) 3,072 (8,255 ) (5,183 ) Change in fair value of Forfeiture Shares 22 Financial expenses, net 601 Loss before taxes on income (4,560 ) Depreciation expenses 173 241 414 Stock-based compensation 1,678 2,309 3,987
Schedule of Revenue by Geography, Based on the Customers	The following table shows revenue by geography, based on the customers’ “bill to” location: Six months ended Three months ended 2024 2023 2024 2023 U.S. dollars in thousands Israel 431 1,266 178 543 China 3,507 4,755 1,987 2,332 United States 4,462 3,441 3,013 1,981 Portugal 3,098 67 1,207 67 Hungary 6,129 13,013 4,082 6,955 Japan 2,036 4,605 837 2,248 Germany 1,427 5,637 598 2,989 Taiwan 483 4,992 209 1,748 Other 3,583 10,279 1,486 5,312 25,156 48,055 13,597 24,175
Schedule of Supplemental Data - Major Customers	The following tables summarize the significant customers’ (including distributors) accounts receivable and revenues as a percentage of total accounts receivable and total revenues, respectively: June 30, December 31, Accounts Receivable % of Account Receivable Customer A 28 % 19 % Customer B 19 % 3 % Customer C 15 % 11 % Customer D 4 % 11 % Customer E 6 % 10 % Six months ended June 30, Three months ended June 30, 2024 2023 2024 2023 Revenues % of Revenues % of Revenues Customer A 14 % 19 % 24 % 21 % Customer B 12 % 0 % 8 % 0 % Customer C 10 % 11 % 11 % 11 % Customer D 10 % 3 % 9 % 3 % Customer E 7 % 7 % 9 % 6 % Customer F 10 % 6 % 5 % 6 %
Schedule of Long-Lived Assets by Geography	June 30, December 31, U.S. dollars in thousands Domestic (Israel) 8,240 4,419 China 142 176 USA 784 139 Other 277 422 9,443 5,156

Business Combination (Details)

Business Combination (Details) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended
		May 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Business Combination [Line Items]
Cash Consideration		$ 9,100			$ 9,160
Amount consideration		1,300
Payments of completion development		$ 1,500
Amounts of net loss			$ (8,954)	$ (4,700)	(18,506)	$ (11,312)
Amortization of tangible and intangible assets					78
Acquisition related costs					$ 400
Amortized over a period					5 years 7 months 6 days
Goodwill	[1]		$ 1,847		$ 1,847
Core Technology [Member]
Business Combination [Line Items]
Amortized over a period					5 years 7 months 6 days
Amortized discount rate, percentage					25.30%
Acroname [Member]
Business Combination [Line Items]
Percentage of acquire equity		100%
Earn out payments		$ 7,200
Amounts of revenues					$ 445
Amounts of net loss					$ 121
WACC [Member]
Business Combination [Line Items]
Discount rate, percentage			25.30%		25.30%
[1]Goodwill is primarily related to the workforce, expected synergies such as potential cost savings in operations as a result of the business combination as well as potential future development of the mutual development projects. The goodwill is deductible for tax purposes. All of the $1,847 thousand of goodwill was assigned to Audio Video segment.

Business Combination (Details)

Business Combination (Details) - Schedule of Fair Value of Consideration Transferred to Acroname Shareholders - USD ($) $ in Thousands			6 Months Ended
		May 31, 2024	Jun. 30, 2024
Schedule of Fair Value of Consideration Transferred to Acroname Shareholders [Abstract]
Cash payment		$ 9,100	$ 9,160
Fair value of earnout liability	[1]		2,036
Total consideration			$ 11,196
[1]The Company recorded earn out liability in connection with its business combination at fair value on the acquisition date.

Business Combination (Details_2

Business Combination (Details) - Schedule of Assets Acquired and Liabilities $ in Thousands	Jun. 30, 2024 USD ($)
Schedule Of Assets Acquired And Liabilities Abstract
Cash and cash equivalents	$ 1,360
Accounts Receivables	294
Inventory	2,635	[1]
Other current assets	123
Property and equipment	25
Operating lease right-of-use assets	650
Core Technology	4,653	[2]
Customer relationships	597	[3]
Goodwill	1,847	[4]
Total assets acquired	12,184
Operating leases liabilities	(650)
Other liabilities	(338)
Total liabilities assumed	(988)
Net assets acquired	$ 11,196
[1]The estimated fair value of the finished goods inventory was deriving from its cost value, as of the valuation date, with the addition of the gross profit of Acroname, and after deducting the direct selling expenses with relation to the inventory, and the marketing profit.[2]The acquired company is deemed to have an underlying technology of a value, through its continued use or re-use in many products or many generations of a singular product (a product family). The fair value of Core Technology was estimated by applying the income approach, specifically the Multi Period Excess Earnings method. Core Technology is amortized over a period of 5.6 years. The discount rate for Acroname’s technology was estimated at 25.3% reflecting the WACC.[3]The fair value of the Customer relationships was estimated by applying the income approach, specifically the distributor method. The Customer relationships are amortized over a period of 5.6 years. The discount rate for Acroname’s customer relationship was estimated at 25.3% reflecting the WACC.[4]Goodwill is primarily related to the workforce, expected synergies such as potential cost savings in operations as a result of the business combination as well as potential future development of the mutual development projects. The goodwill is deductible for tax purposes. All of the $1,847 thousand of goodwill was assigned to Audio Video segment.

Business Combination (Details_3

Business Combination (Details) - Schedule of Unaudited Pro-Forma - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Unaudited Pro-Forma [Abstract]
Revenues	$ 14,791	$ 25,658	$ 28,445	$ 51,144
Net loss	$ (8,954)	$ (4,700)	$ (18,506)	$ (11,312)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Inventories [Abstract]
Inventories write-downs	$ 32	$ 273	$ 300	$ 397

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventories - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Inventories [Abstract]
Work in process	$ 8,414	$ 6,176
Finished goods	5,656	7,660
Total	$ 14,070	$ 13,836

Leases (Details)

Leases (Details) - m²	Jun. 30, 2024	Apr. 30, 2024
Leases (Details) [Line Items]
Lease period	2 years
Hod Hasharon, Israel [Member]
Leases (Details) [Line Items]
Office space		5,500

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of Identifiable Intangible Assets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Identifiable Intangible Assets [Line Items]
Gross carrying amount as of the business combination date	$ 5,250
Accumulated amortization for the period	78
Net carrying amount as of June 30, 2024	$ 5,172
Core Technology [Member]
Schedule of Identifiable Intangible Assets [Line Items]
Useful Life (in Years)	5 years 6 months 29 days
Gross carrying amount as of the business combination date	$ 4,653
Accumulated amortization for the period	69
Net carrying amount as of June 30, 2024	$ 4,584
Customer Relationships [Member]
Schedule of Identifiable Intangible Assets [Line Items]
Useful Life (in Years)	5 years 6 months 29 days
Gross carrying amount as of the business combination date	$ 597
Accumulated amortization for the period	9
Net carrying amount as of June 30, 2024	$ 588

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of Amortization of Intangible Assets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Amortization of Intangible Assets [Abstract]
Remainder of 2024	$ 470
2025	941
2026	941
2027	941
2028 and thenafter	1,879
Total	$ 5,172

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingent Liabilities [Abstract]
Open purchase orders	$ 6,762	$ 4,951
Non-paid purchase obligation	$ 3,849	$ 5,513

Other Current Liabilities (Deta

Other Current Liabilities (Details) - Schedule of Other Current Liabilities - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Other Current Liabilities [Abstract]
Accrued vacation	$ 3,269	$ 2,820
Accrued expenses and other	2,432	2,102
Taxes payable	19	36
Other current liabilities	$ 5,720	$ 4,958

Forfeiture Shares (Details)

Forfeiture Shares (Details)	Sep. 29, 2021 shares
PTK Sponsor [Member]
Forfeiture Shares [Line Items]
Ordinary shares	1,006,250

Forfeiture Shares (Details) - S

Forfeiture Shares (Details) - Schedule of Fair Value of Forfeited Shares	Jun. 30, 2024	Dec. 31, 2023
Stock Price [Member]
Schedule of Fair Value of Forfeited Shares [Line Items]
Forfeiture shares key assumptions	3.19	2.45
Expected Term (years) [Member] | Minimum [Member]
Schedule of Fair Value of Forfeited Shares [Line Items]
Forfeiture shares key assumptions	0.25	0.75
Expected Term (years) [Member] | Maximum [Member]
Schedule of Fair Value of Forfeited Shares [Line Items]
Forfeiture shares key assumptions	1.25	1.75
Expected Volatility [Member] | Minimum [Member]
Schedule of Fair Value of Forfeited Shares [Line Items]
Forfeiture shares key assumptions	44.79	30.95
Expected Volatility [Member] | Maximum [Member]
Schedule of Fair Value of Forfeited Shares [Line Items]
Forfeiture shares key assumptions	59.8	60.31
Risk-Free Interest Rate [Member] | Minimum [Member]
Schedule of Fair Value of Forfeited Shares [Line Items]
Forfeiture shares key assumptions	5	4.37
Risk-Free Interest Rate [Member] | Maximum [Member]
Schedule of Fair Value of Forfeited Shares [Line Items]
Forfeiture shares key assumptions	5.48	5.03

Forfeiture Shares (Details) -_2

Forfeiture Shares (Details) - Schedule of Changes in Fair Value of Forfeited Shares - Level 3 [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Schedule of Changes in Fair Value of Forfeited Shares [Line Items]
Balance at beginning of period	$ 38	$ 1,751
Changes in fair value	(35)	(1,713)
Balance at end of the period	$ 3	$ 38

Earnout Liability (Details)

Earnout Liability (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Earnout Liability (Details) [Line Items]
Earn out payments (in Dollars)	$ 7.2
Earn out payments on development (in Dollars)	$ 1.5
Discount Rate [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	21.3
Discount Rate [Member] | Monte-Carlo simulation [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	21.4
Expected Term [Member] | Minimum [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	1.5
Expected Term [Member] | Minimum [Member] | Monte-Carlo simulation [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	1.59
Expected Term [Member] | Maximum [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	2
Expected Term [Member] | Maximum [Member] | Monte-Carlo simulation [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	2.08
Expected Volatility [Member] | Monte-Carlo simulation [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	55.71
Risk-free Interest Rate [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	4.9
Risk-free Interest Rate [Member] | Monte-Carlo simulation [Member]
Earnout Liability (Details) [Line Items]
Earnout liability key assumptions input	5.04

Earnout Liability (Details) - S

Earnout Liability (Details) - Schedule of Fair Value of the Earnout Liability	Jun. 30, 2024
Discount Rate [Member]
Schedule of Fair Value of the Earnout Liability [Line Items]
Earnout liability key assumptions	21.3
Expected Term [Member] | Minimum [Member]
Schedule of Fair Value of the Earnout Liability [Line Items]
Earnout liability key assumptions	1.5
Expected Term [Member] | Maximum [Member]
Schedule of Fair Value of the Earnout Liability [Line Items]
Earnout liability key assumptions	2
Expected Volatility [Member]
Schedule of Fair Value of the Earnout Liability [Line Items]
Earnout liability key assumptions	56.72
Risk-Free Interest Rate [Member]
Schedule of Fair Value of the Earnout Liability [Line Items]
Earnout liability key assumptions	4.9

Earnout Liability (Details) -_2

Earnout Liability (Details) - Schedule of Fair Value Measurement is Estimated Utilizing Level 3 Inputs - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value at the beginning of the year
Initial recognition of earnout liability	(2,036)
Change in fair value of earnout liability	(28)
Fair value at the end of the year	$ (2,064)

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Stock-Based Compensation (Details) [Line Items]
Sharebased payment options	423,795
Unvested stock options	1,946,000
Weighted-average period	1 year 1 month 24 days
Fair value (in Dollars per share)	$ 2.39
Options exercised (in Dollars)	$ 1,821	$ 7,965
Restricted Stock Units (RSUs) [Member]
Stock-Based Compensation (Details) [Line Items]
Cost expected to be expensed, weighted average period	2 years 8 months 12 days
Sharebased payment options	818,004
Nonvested award, excluding option, cost not yet recognized, amount (in Dollars)	$ 27,957
Share-based compensation arrangement	5,970,121
Restricted Stock Units (RSUs) [Member] | Related Parties [Member]
Stock-Based Compensation (Details) [Line Items]
Share-based compensation arrangement	818,004
Several Executive Officers, and Board of Directors [Member]
Stock-Based Compensation (Details) [Line Items]
Sharebased payment options	423,795
Merger And Acquisition Transaction [Member] | Share-Based Payment Arrangement, Option [Member]
Stock-Based Compensation (Details) [Line Items]
Number of outstanding options unvested	425,077
Unrecognized compensation costs (in Dollars)	$ 690
Cost expected to be expensed, weighted average period	1 year 9 months 14 days
Valens Semiconductor Ltd Two Thousand Twenty One Share Incentive Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Ordinary shares, reserved for issuance	35,874,244	30,666,212

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details) - Schedule of Share Option Plan - $ / shares	6 Months Ended
	Jun. 30, 2024
Schedule of Share Option Plan [Abstract]
Number of Options outstanding, Beginning balance	11,326,943
Weighted- Average Exercise price, Beginning balance	$ 0.97
Number of Options, Granted	423,795
Weighted- Average Exercise price, Granted	$ 2.39
Number of Options, Exercised	(936,281)
Weighted- Average Exercise price, Exercised	$ 0.68
Number of Options, Forfeited	(1,451)
Weighted- Average Exercise price, Forfeited	$ 0.86
Number of Options, exercisable ending	10,813,006
Weighted- Average Exercise price, exercisable ending	$ 1.06
Number of Options, exercisable	9,928,467
Weighted- Average Exercise price, exercisable	$ 0.96

Stock-Based Compensation (Det_3

Stock-Based Compensation (Details) - Schedule of Information about Stock Options Outstanding $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Range of Exercise Prices One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number outstanding (in Shares) | shares	9,942,319
Weighted average remaining contractual term	4 years 4 months 20 days
Weighted average exercise price	$ 0.8
Aggregate intrinsic value (in Dollars) | $	$ 23,770
Number of exercisable (in Shares) | shares	9,551,815
Weighted average remaining contractual term	4 years 3 months 21 days
Weighted- average exercise price	$ 0.8
Aggregate intrinsic value (in Dollars) | $	$ 22,860
Range of Exercise Prices Two [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Upper Range Limit	$ 1.87
Number outstanding (in Shares) | shares	3,313
Weighted average remaining contractual term	6 years 6 months 10 days
Weighted average exercise price	$ 1.87
Aggregate intrinsic value (in Dollars) | $	$ 4
Number of exercisable (in Shares) | shares	2,691
Weighted average remaining contractual term	6 years 6 months 10 days
Weighted- average exercise price	$ 1.87
Aggregate intrinsic value (in Dollars) | $	$ 4
Range of Exercise Prices Three [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Upper Range Limit	$ 2.1
Number outstanding (in Shares) | shares	16,563
Weighted average remaining contractual term	6 months 3 days
Weighted average exercise price	$ 2.1
Aggregate intrinsic value (in Dollars) | $	$ 18
Number of exercisable (in Shares) | shares	16,563
Weighted average remaining contractual term	6 months 3 days
Weighted- average exercise price	$ 2.1
Aggregate intrinsic value (in Dollars) | $	$ 18
Range of Exercise Prices Four [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number outstanding (in Shares) | shares	425,269
Weighted average remaining contractual term	6 years 6 months 14 days
Weighted average exercise price	$ 2.39
Aggregate intrinsic value (in Dollars) | $	$ 340
Number of exercisable (in Shares) | shares	78,632
Weighted average remaining contractual term	6 years 6 months 14 days
Weighted- average exercise price	$ 2.39
Aggregate intrinsic value (in Dollars) | $	$ 63
Range of Exercise Prices Five [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Upper Range Limit	$ 4.99
Number outstanding (in Shares) | shares	196,625
Weighted average remaining contractual term	5 years 6 months 18 days
Weighted average exercise price	$ 4.99
Aggregate intrinsic value (in Dollars) | $
Number of exercisable (in Shares) | shares	120,144
Weighted average remaining contractual term	5 years 6 months 18 days
Weighted- average exercise price	$ 4.99
Aggregate intrinsic value (in Dollars) | $
Range of Exercise Prices Six [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Upper Range Limit	$ 5.36
Number outstanding (in Shares) | shares	140,000
Weighted average remaining contractual term	5 years
Weighted average exercise price	$ 5.36
Aggregate intrinsic value (in Dollars) | $
Number of exercisable (in Shares) | shares	70,000
Weighted average remaining contractual term	5 years
Weighted- average exercise price	$ 5.36
Aggregate intrinsic value (in Dollars) | $
Range of Exercise Prices Seven [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Upper Range Limit	$ 7.58
Number outstanding (in Shares) | shares	85,380
Weighted average remaining contractual term	4 years 6 months 14 days
Weighted average exercise price	$ 7.58
Aggregate intrinsic value (in Dollars) | $
Number of exercisable (in Shares) | shares	85,380
Weighted average remaining contractual term	4 years 6 months 14 days
Weighted- average exercise price	$ 7.58
Aggregate intrinsic value (in Dollars) | $
Range of Exercise Prices Eight [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Upper Range Limit	$ 9.07
Number outstanding (in Shares) | shares	3,537
Weighted average remaining contractual term	4 years 5 months 15 days
Weighted average exercise price	$ 9.07
Aggregate intrinsic value (in Dollars) | $
Number of exercisable (in Shares) | shares	3,242
Weighted average remaining contractual term	4 years 5 months 15 days
Weighted- average exercise price	$ 9.07
Aggregate intrinsic value (in Dollars) | $
Minimum [Member] | Range of Exercise Prices One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower Range Limit	$ 0.15
Minimum [Member] | Range of Exercise Prices Four [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower Range Limit	2.39
Maximum [Member] | Range of Exercise Prices One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Upper Range Limit	0.86
Maximum [Member] | Range of Exercise Prices Four [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Upper Range Limit	$ 2.4

Stock-Based Compensation (Det_4

Stock-Based Compensation (Details) - Schedule of Black-Scholes Option-Pricing Model Assumptions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Black-Scholes Option-Pricing Model Assumptions [Abstract]
Expected term minimum	4 years	3 years
Expected term maximum	5 years	5 years
Expected volatility minimum		48.35%
Expected volatility	58.56%
Expected volatility maximum		63.84%
Expected dividend rate	0%	0%
Risk-free rate minimum	3.85%	3.62%
Risk-free rate maximum	3.92%	4.21%

Stock-Based Compensation (Det_5

Stock-Based Compensation (Details) - Schedule of Stock Options Expenses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Stock Options Expenses [Line Items]
Total stock-based compensation -Stock Options	$ 690	$ 1,304	$ 1,582	$ 2,647
Cost of Revenue [Member]
Schedule of Stock Options Expenses [Line Items]
Total stock-based compensation -Stock Options	44	46	88	96
Research and Development [Member]
Schedule of Stock Options Expenses [Line Items]
Total stock-based compensation -Stock Options	218	309	441	631
Sales and Marketing [Member]
Schedule of Stock Options Expenses [Line Items]
Total stock-based compensation -Stock Options	241	278	490	570
General and Administrative [Member]
Schedule of Stock Options Expenses [Line Items]
Total stock-based compensation -Stock Options	$ 187	$ 671	$ 563	$ 1,350

Stock-Based Compensation (Det_6

Stock-Based Compensation (Details) - Schedule of Company’s RSU’s - Restricted Stock Units [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Stock-Based Compensation (Details) - Schedule of Company’s RSU’s [Line Items]
Number of RSUs, Beginning Balance | shares	5,442,313
Weighted-Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 5.26
Number of RSUs, Granted | shares	5,970,121
Weighted-Average Grant Date Fair Value, Granted | $ / shares	$ 2.17
Number of RSUs, Vested | shares	(1,483,427)
Weighted-Average Grant Date Fair Value, Vested | $ / shares	$ 5.28
Number of RSUs, Forfeited | shares	(207,211)
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	$ 3.58
Number of RSUs, Ending Balance | shares	9,721,796
Weighted-Average Grant Date Fair Value, Ending Balance | $ / shares	$ 3.36

Stock-Based Compensation (Det_7

Stock-Based Compensation (Details) - Schedule of Classification of RSU's Expenses - Restricted Stock Units (RSUs) [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Company’s RSU’s [Line Items]
Total stock-based compensation-RSUs	$ 3,045	$ 2,683	$ 5,917	$ 5,162
Cost of Revenue [Member]
Schedule of Company’s RSU’s [Line Items]
Total stock-based compensation-RSUs	199	151	386	288
Research and Development [Member]
Schedule of Company’s RSU’s [Line Items]
Total stock-based compensation-RSUs	1,512	1,462	2,957	2,779
Sales and Marketing [Member]
Schedule of Company’s RSU’s [Line Items]
Total stock-based compensation-RSUs	762	613	1,489	1,197
General and Administrative [Member]
Schedule of Company’s RSU’s [Line Items]
Total stock-based compensation-RSUs	$ 572	$ 457	$ 1,085	$ 898

Net Income (Loss) Per Ordinar_3

Net Income (Loss) Per Ordinary Share (Details) - Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss	$ (8,869)	$ (4,582)	$ (18,911)	$ (9,959)
Denominator:
Weighted average common shares and vested RSUs – basic and diluted	105,079,508	101,685,915	104,563,467	101,381,153
Basic net loss per common share	$ (0.08)	$ (0.05)	$ (0.18)	$ (0.1)

Net Income (Loss) Per Ordinar_4

Net Income (Loss) Per Ordinary Share (Details) - Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share [Abstract]
Dilutive Weighted average common shares	105,079,508	101,685,915	104,563,467	101,381,153
Dilutive net loss per common share	$ (0.08)	$ (0.05)	$ (0.18)	$ (0.10)

Net Income (Loss) Per Ordinar_5

Net Income (Loss) Per Ordinary Share (Details) - Schedule of Weighted-Average Shares of Securities - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Options [Member]
Schedule of Weighted-Average Shares of Securities [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11,178,735	12,315,780	11,069,975	13,097,348
Restricted Stock Units [Member]
Schedule of Weighted-Average Shares of Securities [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	9,434,974	6,486,973	7,582,055	5,050,085
Private Warrants [Member]
Schedule of Weighted-Average Shares of Securities [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,330,000	3,330,000	3,330,000	3,330,000
Public Warrants [Member]
Schedule of Weighted-Average Shares of Securities [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,750,000	5,750,000	5,750,000	5,750,000
Forfeiture Shares [Member]
Schedule of Weighted-Average Shares of Securities [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,006,250	1,006,250	1,006,250	1,006,250

Financial Income, Net (Details)

Financial Income, Net (Details) - Schedule of Financial Income, Net - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Financial Income, Net [Abstract]
Foreign currency exchange differences	$ (745)	$ (1,021)	$ (1,271)	$ (2,273)
Interest income on short-term deposits	1,294	1,630	3,061	3,090
Other	(9)	(8)	(16)	(25)
Total financial income, net	$ 540	$ 601	$ 1,774	$ 792

Segment and Revenue by Geogra_3

Segment and Revenue by Geography and By Major Customer (Details)	6 Months Ended
	Jun. 30, 2024
Segment and Revenue by Geography and by Major Customer [Abstract]
Reportable segments	2

Segment and Revenue by Geogra_4

Segment and Revenue by Geography and By Major Customer (Details) - Schedule of Evaluating Financial Performance and Allocating Resources - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 13,597	$ 24,175	$ 25,156	$ 48,055
Gross profit	8,344	14,934	15,159	30,727
Research and development expenses	9,961	12,161	20,106	26,121
Sales and marketing expenses	4,368	4,255	8,756	9,315
General and administrative expenses	3,397	3,701	6,968	7,533
Change in earnout liability	28		28
Segment operating profit (loss)	(9,410)	(5,183)	(20,699)	(12,242)
Change in fair value of Forfeiture Shares	10	22	35	1,529
Stock-based compensation	3,735	3,987	7,499	7,809
Consolidated [Member]
Segment Reporting Information [Line Items]
Revenues	13,597	24,175	25,156	48,055
Gross profit	8,344	14,934	15,159	30,727
Research and development expenses	9,961	12,161	20,106	26,121
Sales and marketing expenses	4,368	4,255	8,756	9,315
General and administrative expenses	3,397	3,701	6,968	7,533
Change in earnout liability	28		28
Segment operating profit (loss)	(9,410)	(5,183)	(20,699)	(12,242)
Change in fair value of Forfeiture Shares	10	22	35	1,529
Financial expenses, net	540	601	1,774	792
Loss before taxes on income	(8,860)	(4,560)	(18,890)	(9,921)
Depreciation expenses	479	414	935	793
Stock-based compensation	3,735	3,987	7,499	7,809
Audio-Video [Member]
Segment Reporting Information [Line Items]
Revenues	8,070	15,469	15,247	31,828
Gross profit	6,085	11,644	11,624	24,734
Research and development expenses	5,921	4,822	11,778	11,094
Sales and marketing expenses	2,066	1,892	3,939	4,009
General and administrative expenses	1,765	1,857	3,604	3,756
Change in earnout liability	28		28
Segment operating profit (loss)	(3,695)	3,072	(7,725)	5,875
Depreciation expenses	279	173	507	352
Stock-based compensation	1,703	1,678	3,424	3,287
Automotive [Member]
Segment Reporting Information [Line Items]
Revenues	5,527	8,706	9,909	16,227
Gross profit	2,259	3,290	3,535	5,993
Research and development expenses	4,040	7,339	8,328	15,027
Sales and marketing expenses	2,302	2,363	4,817	5,306
General and administrative expenses	1,632	1,844	3,364	3,777
Change in earnout liability
Segment operating profit (loss)	(5,715)	(8,255)	(12,974)	(18,117)
Depreciation expenses	200	241	428	441
Stock-based compensation	$ 2,032	$ 2,309	$ 4,075	$ 4,522

Segment and Revenue by Geogra_5

Segment and Revenue by Geography and By Major Customer (Details) - Schedule of Revenue by Geography, Based on the Customers - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	$ 13,597	$ 24,175	$ 25,156	$ 48,055
Israel [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	178	543	431	1,266
China [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	1,987	2,332	3,507	4,755
United States [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	3,013	1,981	4,462	3,441
Portugal [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	1,207	67	3,098	67
Hungary [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	4,082	6,955	6,129	13,013
Japan [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	837	2,248	2,036	4,605
Germany [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	598	2,989	1,427	5,637
Taiwan [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	209	1,748	483	4,992
Other [Member]
Schedule of Revenue by Geography, Based on the Customers [Abstract]
Revenues	$ 1,486	$ 5,312	$ 3,583	$ 10,279

Segment and Revenue by Geogra_6

Segment and Revenue by Geography and By Major Customer (Details) - Schedule of Supplemental Data - Major Customers	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Customer Concentration Risk [Member] | Customer A [Member] | Accounts Receivable [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage			28%		19%
Customer Concentration Risk [Member] | Customer A [Member] | Revenue Benchmark [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage	24%	21%	14%	19%
Customer Concentration Risk [Member] | Customer B [Member] | Accounts Receivable [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage			19%		3%
Customer Concentration Risk [Member] | Customer B [Member] | Revenue Benchmark [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage	8%	0%	12%	0%
Customer Concentration Risk [Member] | Customer C [Member] | Accounts Receivable [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage			15%		11%
Customer Concentration Risk [Member] | Customer C [Member] | Revenue Benchmark [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage	11%	11%	10%	11%
Customer Concentration Risk [Member] | Customer D [Member] | Accounts Receivable [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage			4%		11%
Customer Concentration Risk [Member] | Customer D [Member] | Revenue Benchmark [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage	9%	3%	10%	3%
Customer Concentration Risk [Member] | Customer E [Member] | Revenue Benchmark [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage	9%	6%	7%	7%
Customer Concentration Risk [Member] | Customer F [Member] | Revenue Benchmark [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage	5%	6%	10%	6%
Credit Concentration Risk [Member] | Customer E [Member] | Accounts Receivable [Member]
Schedule of Supplemental Data - Major Customers [Line Items]
Concentration Risk, Percentage			6%		10%

Segment and Revenue by Geogra_7

Segment and Revenue by Geography and By Major Customer (Details) - Schedule of Long-Lived Assets by Geography - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Long Lived Assets by Geography [Abstract]
Long lived assets	$ 9,443	$ 5,156
Domestic (Israel) [Member]
Schedule of Long Lived Assets by Geography [Abstract]
Long lived assets	8,240	4,419
China [Member]
Schedule of Long Lived Assets by Geography [Abstract]
Long lived assets	142	176
USA [Member]
Schedule of Long Lived Assets by Geography [Abstract]
Long lived assets	784	139
Other [Member]
Schedule of Long Lived Assets by Geography [Abstract]
Long lived assets	$ 277	$ 422

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Related Party Transactions [Line Items]
Granted stock options	423,795
Weighted average exercise price (in Dollars per share)	$ 1.06	$ 0.97
Restricted Stock Units (RSUs) [Member]
Related Party Transactions [Line Items]
Granted stock options	818,004
Fair value granted RSU (in Dollars)	$ 9,858
Several Executive Officers, and Board of Directors [Member]
Related Party Transactions [Line Items]
Granted stock options	423,795
Weighted average exercise price (in Dollars per share)	$ 2.39
Stock Options [Member]
Related Party Transactions [Line Items]
Granted stock options	489,000
Stock Options [Member] | Minimum [Member]
Related Party Transactions [Line Items]
Expected recognized vesting period	1 year
Stock Options [Member] | Maximum [Member]
Related Party Transactions [Line Items]
Expected recognized vesting period	4 years