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University of Michigan will no longer use diversity statements in faculty hiring, promotion, tenure
Jonah Goldberg Among elites across the ideological spectrum, there's one point of unifying agreement: Americans are bitterly divided. What if that's wrong? What if elites are the ones who are bitterly divided while most Americans are fairly unified? History rarely lines up perfectly with the calendar (the "sixties" didn't really start until the decade was almost over). But politically, the 21st century neatly began in 2000, when the election ended in a tie and the color coding of electoral maps became enshrined as a kind of permanent tribal color war of "red vs. blue." Elite understanding of politics has been stuck in this framework ever since. Politicians and voters have leaned into this alleged political reality, making it seem all the more real in the process. I loathe the phrase "perception is reality," but in politics it has the reifying power of self-fulfilling prophecy. Like rival noble families in medieval Europe, elites have been vying for power and dominance on the arrogant assumption that their subjects share their concern for who rules rather than what the rulers can deliver. Political cartoonists from across country draw up something special for the holiday In 2018, the group More in Common published a massive report on the "hidden tribes" of American politics. The wealthiest and whitest groups were "devoted conservatives" (6%) and "progressive activists" (8%). These tribes dominate the media, the parties and higher education, and they dictate the competing narratives of red vs. blue, particularly on cable news and social media. Meanwhile, the overwhelming majority of Americans resided in, or were adjacent to, the "exhausted majority." These people, however, "have no narrative," as David Brooks wrote at the time. "They have no coherent philosophic worldview to organize their thinking and compel action." Lacking a narrative might seem like a very postmodern problem, but in a postmodern elite culture, postmodern problems are real problems. It's worth noting that red vs. blue America didn't emerge ex nihilo. The 1990s were a time when the economy and government seemed to be working, at home and abroad. As a result, elites leaned into the narcissism of small differences to gain political and cultural advantage. They remain obsessed with competing, often apocalyptic, narratives. That leaves out most Americans. The gladiatorial combatants of cable news, editorial pages and academia, and their superfan spectators, can afford these fights. Members of the exhausted majority are more interested in mere competence. I think that's the hidden unity elites are missing. This is why we keep throwing incumbent parties out of power: They get elected promising competence but get derailed -- or seduced -- by fan service to, or trolling of, the elites who dominate the national conversation. There's a difference between competence and expertise. One of the most profound political changes in recent years has been the separation of notions of credentialed expertise from real-world competence. This isn't a new theme in American life, but the pandemic and the lurch toward identity politics amplified distrust of experts in unprecedented ways. This is a particular problem for the left because it is far more invested in credentialism than the right. Indeed, some progressives are suddenly realizing they invested too much in the authority of experts and too little in the ability of experts to provide what people want from government, such as affordable housing, decent education and low crime. The New York Times' Ezra Klein says he's tired of defending the authority of government institutions. Rather, "I want them to work." One of the reasons progressives find Trump so offensive is his absolute inability to speak the language of expertise -- which is full of coded elite shibboleths. But Trump veritably shouts the language of competence. I don't mean he is actually competent at governing. But he is effectively blunt about calling leaders, experts and elites -- of both parties -- stupid, ineffective, weak and incompetent. He lost in 2020 because voters didn't believe he was actually good at governing. He won in 2024 because the exhausted majority concluded the Biden administration was bad at it. Nostalgia for the low-inflation pre-pandemic economy was enough to convince voters that Trumpian drama is the tolerable price to pay for a good economy. About 3 out of 4 Americans who experienced "severe hardship" because of inflation voted for Trump. The genius of Trump's most effective ad -- "Kamala is for they/them, President Trump is for you" -- was that it was simultaneously culture-war red meat and an argument that Harris was more concerned about boutique elite concerns than everyday ones. If Trump can actually deliver competent government, he could make the Republican Party the majority party for a generation. For myriad reasons, that's an if so big it's visible from space. But the opportunity is there -- and has been there all along. Goldberg is editor-in-chief of The Dispatch: thedispatch.com . Get opinion pieces, letters and editorials sent directly to your inbox weekly!
MIAMI GARDENS, Fla. (AP) — Dolphins coach Mike McDaniel said he was caught off guard by reports early Tuesday that linebacker Shaq Barrett wants to unretire. The two-time Super Bowl winner signed a one-year deal with the Dolphins in March, then abruptly announced his retirement on social media in July, just days before the start of Miami's training camp. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Shield AI and Palantir Technologies Deepen Strategic Partnership and Announce Deployment of Warp Speed
Shield AI and Palantir Technologies Deepen Strategic Partnership and Announce Deployment of Warp SpeedWASHINGTON , Dec. 6, 2024 /PRNewswire/ -- With a look back at 2024, NASA is celebrating its many innovative and inspiring accomplishments this year including for the first time, landing new science and technology on the Moon with an American company, pushing the boundaries of exploration by launching a new mission to study Jupiter's icy moon Europa; maintaining 24 years of continuous human exploration off the Earth aboard the International Space Station, and unveiling the first look at its supersonic quiet aircraft for the benefit of humanity. The agency also shared the wonder of a total eclipse with millions of Americans, conducted the final flight of its Ingenuity helicopter on the Red Planet, demonstrated the first laser communications capability in deep space, tested the next generation solar sail in space, made new scientific discoveries with its James Webb Space Telescope, completed a year-long Mars simulation on Earth with crew, announced the newest class of Artemis Generation astronauts, and much more. "In 2024, NASA made leap after giant leap to explore, discover, and inspire – all while bringing real, tangible, and substantial benefits to the American people and to all of humanity," said NASA Administrator Bill Nelson . "We deepened the commercial and international partnerships that will help NASA lead humanity back to the Moon and then to the red sands of Mars. We launched new missions to study our solar system and our universe in captivating new ways. We observed our changing Earth through our eyes in the sky – our ever-growing fleet of satellites and instruments – and shared that data with all of humanity. And we opened the doors to new possibilities in aviation, new breakthroughs on the International Space Station, and new wonders in space travel." Through its Moon to Mars exploration approach, the agency continued moving forward with its Artemis campaign, including progress toward its first mission around the Moon with crew in more than 50 years and advancing plans to explore more of the Moon than ever before. So far in 2024, 15 countries signed the Artemis Accords, committing to the safe, transparent, and responsible exploration of space with the United States . As part of efforts to monitor climate change, the agency launched multiple satellites to study our changing planet and opened its second Earth Information Center to provide data to a wider audience. With the release of its latest Economic Impact Report , NASA underscored the agency's $75.6 billion impact on the U.S. economy, value to society, and return on investment for taxpayers. "To invest in NASA is to invest in American workers, American innovation, the American economy, and American economic competitiveness. Through continued investments in our workforce and our infrastructure, NASA will continue to propel American leadership on Earth, in the skies, and in the stars," said Nelson. Key 2024 agency highlights across its mission areas include: Preparing for Moon, Mars This year, NASA made strides toward the Artemis Generation of scientific discovery at the Moon while validating operations and systems to prepare for human missions to Mars. The agency advanced toward Artemis II, the first crewed flight under Artemis: Observing, Learning About Earth NASA collects data about our home planet from space and on land, helping understand how our climate on Earth is changing. Some of the agency's key accomplishments in Earth science this year include: Exploring Our Solar System, Universe NASA's Europa Clipper embarked Oct. 14 on its long voyage to Jupiter , where it will investigate Europa, a moon with an enormous subsurface ocean that may have conditions to support life. NASA collaborated with multiple partners on content and social media related to the launch, including engagements with the National Hockey League, U.S. Figure Skating, 7-Eleven, e.l.f., Girl Scouts, Crayola, Library of Congress, and others. NASA's 2024 space exploration milestones also include: Living, Conducting Research in Space In 2024, a total of 25 people lived and worked aboard the International Space Station, helping to complete science for the benefit of humanity, open access to space to more people, and support exploration to the Moon in preparation for Mars. A total of 14 spacecraft visited the microgravity laboratory in 2024, including eight commercial resupply missions from Northrop Grumman and SpaceX, as well as international partner missions, delivering more than 40,000 pounds of science investigations, tools, and critical supplies to the space station. NASA also helped safely return the uncrewed Boeing Starliner spacecraft to Earth, concluding a three-month flight test to the International Space Station. In addition: Imagining Future Flight NASA researchers worked to advance innovations that will transform U.S. aviation, furthering the Sustainable Flight National Partnership and other efforts to help the country reach net zero carbon emissions by 2050. NASA also unveiled its X-59 quiet supersonic aircraft, the centerpiece of its Quesst mission to make quiet overland supersonic flight a reality. NASA aeronautics initiatives also worked to bring air taxis, delivery drones, and other revolutionary technology closer to deployment to benefit the U.S. public and industry. Over the past year, the agency: Improving Life on Earth, in Space with Technology NASA develops essential technologies to drive exploration and the space economy. In 2024, NASA leveraged partnerships to advance technologies and test new capabilities to help the agency develop a sustainable presence on the lunar surface and beyond, while benefiting life on our home planet and in low Earth orbit. The following are 2024 space technology advancements: Growing Global Partnerships Through the Artemis Accords , almost 50 nations have joined the United States , led by NASA with the U.S. State Department, in a voluntary commitment to engage in the safe, transparent, and responsible exploration of the Moon, Mars, and beyond. The Artemis Accords represent a robust and diverse group of nation states, representing all regions of the world, working together for the safe, transparent, and responsible exploration of the Moon, Mars and beyond with NASA. More countries are expected to sign the Artemis Accords in the weeks and months ahead. Celebrating Total Solar Eclipse During the total solar eclipse on April 8 , NASA helped the nation enjoy the event safely and engaged millions of people with in-person events, live online coverage, and citizen science opportunities. NASA also funded scientists around North America to take advantage of this unique position of the Sun, Moon, and Earth to learn more about the Sun and its connection to our home planet. Highlights of the solar celebration include: Building Low Earth Orbit Economy In August, NASA announced the development of its low Earth orbit microgravity strategy by releasing 42 objectives for stakeholder feedback. The strategy helps to guide the next generation of human presence in low Earth orbit and advance microgravity science, technology, and exploration. NASA is refining the objectives with collected input and will finalize the strategy before the end of the year. Additional advancements include: Inspiring Artemis Generation of STEM Students NASA continues to offer a wide range of science, technology, engineering, and mathematics (STEM) initiatives and activities, reaching and engaging the next generation of scientists, engineers, and explorers. The agency's STEM engagements are enhanced through collaborations with partner organizations, the distribution of various grants, and additional strategic activities. Key 2024 STEM highlights include:
TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) — (“ ”) ( ) and “ ”) are pleased to announce that, further to the companies’ joint news releases dated October 10, 2024, October 23, 2024 and November 6, 2024, Signal Gold has exercised its upsize option and on December 10, 2024 closed an additional tranche (“ ”) of its previously announced oversubscribed concurrent financing of subscription receipts (“ ”). Tranche 2 consisted of an issuance of an aggregate of 3,044,228 subscription receipts (“ ”) at a price of $0.08705 per Subscription Receipt, for gross proceeds of $265,000.05. Together with the first tranche of the Hard Dollar Financing, the full Hard Dollar Financing consisted of an aggregate of 123,120,068 Subscription Receipts for aggregate gross proceeds of $10,717,601.92. The Hard Dollar Financing is being carried out in connection with the proposed plan of arrangement, pursuant to which NexGold will acquire all the shares of Signal Gold to create a near-term gold developer, advancing the Goliath Gold Complex Project (“ ”) in Northern Ontario and the Goldboro Project (“ ”) in the historic Goldboro Gold District in Nova Scotia (the “ ”). In addition, Signal Gold and NexGold are pleased to announce that today, the necessary conditions were satisfied and the Subscription Receipts automatically converted into units of Signal Gold (“ ”). Each NFT Unit is comprised of one common share of Signal Gold (a “ ”) and one-half of one common share purchase warrant of Signal Gold (each whole warrant, a “ ”). Each NFT Unit Warrant entitles the holder thereof to purchase one NFT Share at a price of $0.11818 for a period of 24 months following the date of issuance. The NFT Shares and NFT Unit Warrants will be adjusted in accordance with the Transaction, as applicable, for securities of NexGold. The net proceeds of the Hard Dollar Financing are expected to be used by the combined company to fund the retirement of certain debt, the exploration and advancement of the Goliath and Goldboro Projects and for working capital and general corporate purposes. In connection with the Hard Dollar Financing, Signal Gold paid finder’s compensation to certain eligible finders comprised of cash payments and the issuance of an aggregate of 2,227,395 non-transferable finder’s warrants (“ ”) in respect of subscribers introduced to Signal Gold by such finders. The Finder’s Warrants are exercisable to acquire one NFT Share at a price of $0.11818 for a period of 24 months from the date of issuance. The securities offered in the Hard Dollar Financing have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ ”), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Further to the Companies’ news release dated October 10, 2024, NexGold has agreed to the final terms with Nebari to complete a restructuring of NexGold and Signal Gold’s respective debt facilities, which will significantly reduce the debt profile of the combined entity going forward, with the definitive documentation to be released from escrow immediately following the effectiveness of the Transaction. Pursuant to the transactions with Nebari, Signal Gold’s outstanding credit facility of approximately US$20.8 million with Nebari and NexGold’s US$6.2 million facility with Extract Capital will be repaid. A new US$12.0 million facility with Nebari will be implemented that will have a 30-month term with an interest rate of 11.4%, payable monthly in arrears and secured against both the Goliath and Goldboro Projects. Existing warrants associated with the Nebari facility with Signal Gold will be cancelled, and 3,160,602 new warrants will be issued to Nebari with an exercise price of $1.00 per NEXG Share with a term of 30 months. In addition, the transactions contemplate the granting of a 0.6% NSR on the Goldboro Project to Nebari for US$6.0 million, which includes a 100% buy-back right for the first 30 months at the Company’s option. If the royalty is not repurchased during the 30-month period, then the royalty rate shall increase to 2.0%. The repurchase amount of the royalty shall be US$7.2 million (if exercised within the first 12 months), US$8.4 million (if exercised within the second 12 months), or US$9.6 million (if exercised within the last 6 months), plus certain additional adjustments for taxes up to a maximum amount of US$600,000. Subject to the mutual agreement of NexGold and Nebari and the prior acceptance of the TSX Venture Exchange, the repurchase may be satisfied by the issuance of common shares of NexGold (the additional adjustment for taxes may also be satisfied by the issuance of common shares of NexGold at NexGold’s election, provided it obtains the prior acceptance of the TSX Venture Exchange). The proposed new loan and royalty, together with a proposed US$4.0 million equity placement with Nebari (the “ ”) and certain proceeds from the Hard Dollar Financing, will be used to retire the existing debt. The Equity Placement will be comprised of the issuance of an aggregate of 8,000,000 common shares of the Company at an issue price of C$0.70 per share. Please refer to the October 10, 2024, October 23, 2024, and November 6, 2024 news releases for additional details regarding the Transaction and proposed debt restructuring to be carried out in connection with the Transaction. NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold’s Goliath Project (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario. The deposits benefit substantially from excellent access to the Trans-Canada Highway, related power and rail infrastructure and close proximity to several communities including Dryden, Ontario. For information on the Goliath Project, refer to the technical report, prepared in accordance with NI 43–101, entitled ‘Goliath Gold Complex – NI 43–101 Technical Report and Prefeasibility Study’ and dated March 27, 2023, with an effective date of February 22, 2023, led by independent consultants Ausenco Engineering Canada Inc. The technical report is available on SEDAR+ at , on the OTCQX at and on NexGold’s website at . NexGold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community well- being. Further details about NexGold are available on NexGold’s website at . Signal Gold is advancing the Goldboro Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. For further details, refer to the technical report entitled ‘NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia’ dated January 11, 2022, with an effective date of December 16, 2021. The technical report is available on SEDAR+ at , on the OTCQX at and on Signal Gold’s website at . On August 3, 2022, the Goldboro Project received its environmental assessment approval from the Nova Scotia Minister of Environment and Climate Change, a significant regulatory milestone, and Signal Gold has now submitted all key permits including the Industrial Approval, Fisheries Act Authorization and Schedule 2 Amendment, and the Mining and Crown Land Leases. The Goldboro Project has significant potential for further Mineral Resource expansion, particularly towards the west along strike and at depth, and Signal Gold has consolidated 28,525 hectares (~285 km ) of prospective exploration land in the Goldboro Gold District. For more information on Signal Gold, please visit Signal Gold’s website at . Adam Larsen, B.Sc., P. Geo., Director of Exploration of NexGold, is a “qualified person” within the meaning of National Instrument 43-101 (“ ”) and has reviewed and approved the scientific and technical information in this news release regarding the Goliath Project on behalf of NexGold. Kevin Bullock, P. Eng., President, CEO and Director of Signal Gold, is a “qualified person” within the meaning of NI 43-101 and has reviewed and approved the scientific and technical information in this news release regarding the Goldboro Project on behalf of Signal Gold.
Dolphins coach Mike McDaniel says he was surprised by reports of Shaq Barrett's unretirement plan
Mikel Arteta hailed the best away European performance of his Arsenal reign after watching his side dismantle Sporting Lisbon 5-1. The Gunners delivered the statement Champions League victory their manager had demanded to bounce back from a narrow defeat at Inter Milan last time out. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track, lifting them to seventh place with 10 points in the new-look 36-team table. It was Arsenal’s biggest away win in the Champions League since beating Inter by the same scoreline in 2003. “For sure, especially against opposition we played at their home who have not lost a game in 18 months – they have been in top form here – so to play with the level, the determination, the purpose and the fluidity we showed today, I am very pleased,” said Arteta. “The team played with so much courage, because they are so good. When I’m watching them live they are so good! They were all exceptional today. It was a big performance, a big win and we are really happy. “The performance was there a few times when we have played big teams. That’s the level that we have to be able to cope and you have to make it happen, and that creates belief.” A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners took the lead after only seven minutes when Martinelli tucked in Jurrien Timber’s cross, and Saka teed up Havertz for a tap-in to double the advantage. Arsenal added a third on the stroke of half-time, Gabriel charging in to head Declan Rice’s corner into the back of the net. To rub salt in the wound, the Brazilian defender mimicked Viktor Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after David Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved. A miserable night for prolific Sporting striker Gyokeres was summed up when his late shot crashed back off the post.Everything you need to know about California government in two stories
The company said it would no longer fund the venture and will prioritize Super Cruise, its driver assistance program
Fugitive dog gains fame in New Orleans eluding dart guns and nets
Everything you need to know about California government in two storiesThe company said it would no longer fund the venture and will prioritize Super Cruise, its driver assistance program
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George Kresge Jr., who wowed talk show audiences as the The Amazing Kreskin, diesVicario’s injury coul force Tottenham to bring in a goalkeeper next January Tottenham Hotspur goalkeeper Guglielmo Vicario announced on social media that he has suffered an ankle fracture and was operated upon following their defeat of Manchester City on Saturday. The Italian international also revealed that he played an hour of the game with his injury, although he failed to give a timeframe for his return to action. Ange Postecoglou will have to call upon 36-year-old second-fiddle goalie Fraser Forster. He has been used in the Europa League matches every now and then this season as well as in the cup games, but it remains to be seen if he is up for the intensity of playing in the Premier League although there is little that Spurs can do until January at least. #thfc Vicario played for 60 minutes away to Manchester City with a broken ankle pic.twitter.com/qIzNBJdW9d The Telegraph has reported that Vicario is expected to be out for months and not weeks due to the surgery and as a result, Tottenham will expedite a goalkeeper’s signing in the winter. A shot-stopper’s purchase was anyways on their radar but the board was happy to wait until the end of the season but it is fair to say that doing so would be extremely detrimental at this point in time. The source does not link any particular goalkeeper to the Tottenham Hotspur Stadium and not much has emerged in recent hours regarding who exactly the Lilywhites could swoop for, though it is admittedly going to be difficult to bring in a first-choice level goalkeeper in January as clubs will be very reluctant in letting go of their players midway through the campaign. For the very near future, Fraser Forster will be the favourite to feature in each of Tottenham’s 10 games that remain between now and January. He is an experienced goalkeeper having previously spent eight years on Southampton’s books but it is not remiss to admit that Postecoglou will be anxious about his backline with Cristian Romero and Micky van de Ven also currently on the sidelines. This article first appeared on To The Lane And Back and was syndicated with permission.
NoneClaim that 320,000 migrant children went missing during the Biden administration is misleading
HOD HASHARON, Israel , Nov. 26, 2024 /PRNewswire/ -- Valens Semiconductor (NYSE: VLN ), a leader in high-performance connectivity, announced today that its Board of Directors (the "Board") has approved a "distribution", as defined in the Israeli Companies Law, 1999 (the "Companies Law"), by way of a share repurchase program, pursuant to which the Company may repurchase (buyback) an aggregate amount of up to $10 million of the Company's ordinary shares (the "Distribution"), subject to the completion of required Israeli regulatory procedures. According to Section 7C.(C) of the Companies Regulations (Relief for Companies Whose Securities Are Listed for Trading on Foreign Stock Exchanges) 2000, the Company's creditors may apply to the Company and object to the Distribution, within 30 days following its publication. Following, and subject to, completion of the required Israeli regulatory procedures, share repurchases under the program will be made from time to time in open market purchases, private transactions or other transactions as permitted by securities laws and other legal requirements, including Rule 10b5-1 and Rule 10b -18, under the Securities Exchange Act of 1934, as amended. The timing and amounts of any purchases will be based on market conditions and other factors including but not limited to price and capital availability. The program does not require the purchase of any minimum dollar amount or number of shares and the program may be modified, suspended or discontinued at any time. This press release is neither an offer to purchase nor a solicitation of an offer to buy any securities. About Valens Semiconductor Valens Semiconductor (NYSE: VLN ) is a leader in high-performance connectivity, enabling customers to transform the digital experiences of people worldwide. Valens' chipsets are integrated into countless devices from leading customers, powering state-of-the-art audio-video installations, next-generation videoconferencing, and enabling the evolution of ADAS and autonomous driving. Pushing the boundaries of connectivity, Valens sets the standard everywhere it operates, and its technology forms the basis for the leading industry standards such as HDBaseT® and MIPI A-PHY. For more information, visit https://www.valens.com . Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our share repurchase program. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Valens Semiconductor's ("Valens") management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Valens Semiconductor. These forward-looking statements are subject to a number of risks and uncertainties, including the cyclicality of the semiconductor industry; the effect of inflation and a rising interest rate environment on our customers and industry; the ability of our customers to absorb inventory; competition in the semiconductor industry, and the failure to introduce new technologies and products in a timely manner to compete successfully against competitors; if Valens fails to adjust its supply chain volume due to changing market conditions or fails to estimate its customers' demand; disruptions in relationships with any one of Valens' key customers; any difficulty selling Valens' products if customers do not design its products into their product offerings; Valens' dependence on winning selection processes; even if Valens succeeds in winning selection processes for its products, Valens may not generate timely or sufficient net sales or margins from those wins; sustained yield problems or other delays or quality events in the manufacturing process of products; our ability to effectively manage, invest in, grow, and retain our sales force, research and development capabilities, marketing team and other key personnel; our ability to timely adjust product prices to customers following price increase by the supply chain; our ability to adjust our inventory level due to reduction in demand due to inventory buffers accrued by customers; our expectations regarding the outcome of any future litigation in which we are named as a party; our ability to adequately protect and defend our intellectual property and other proprietary rights; our ability to successfully integrate or otherwise achieve anticipated benefits from acquired businesses; the market price and trading volume of the Valens ordinary shares may be volatile and could decline significantly; political, economic, governmental and tax consequences associated with our incorporation and location in Israel ; and those factors discussed in Valens' Form 20-F filed with the SEC on February 28, 2024 under the heading "Risk Factors," and other documents of Valens filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Valens does not presently know or that Valens currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Valens' expectations, plans or forecasts of future events and views as of the date of this press release. Valens anticipates that subsequent events and developments may cause Valens' assessments to change. However, while Valens may elect to update these forward-looking statements at some point in the future, Valens specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Valens' assessment as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Logo: https://mma.prnewswire.com/media/2309625/4474760/Valens_Semiconductor_Logo.jpg Investor Contacts: Michal Ben Ari Investor Relations Manager Valens Semiconductor Ltd. [email protected] Lisa Fortuna Senior Vice President Financial Profiles, Inc. [email protected] SOURCE Valens Semiconductor