Valens Semiconductor Ltd reported third-quarter FY21 revenue growth of 48.8 percent at $19.07 million, marginally beating the consensus of $19 million. Audio-video revenues reached $17.1 million, up 38.5 percent Y/Y. Automotive revenues reached $2.0 million, an increase of over 300 percent Y/Y. Margin Gross margin compression of 200 bps to 72.4 percent was mainly due to…