An update from Silvaco Group, Inc. ( (SVCO) ) is now available.
On March 18, 2025, Silvaco Group, Inc. announced the resignation of its Chief Financial Officer, Ryan Benton, effective April 11, 2025. Benton is leaving to pursue a new career opportunity outside of the semiconductor design industry, and his departure is not due to any disagreements with the company. To ensure a smooth transition, CEO Dr. Babak Taheri will temporarily take on the roles of principal financial officer and principal accounting officer, while Keith Tainsky will serve as Interim Chief Financial Officer. The company has started the process of finding Benton’s successor. Additionally, Silvaco reaffirmed its financial guidance for the first quarter and full year of fiscal 2025, indicating stability and confidence in its strategic direction.
More about Silvaco Group, Inc.
Silvaco Group, Inc. is a provider of TCAD, EDA software, and SIP solutions that facilitate semiconductor design and digital twin modeling through AI software and innovation. The company’s solutions are utilized in semiconductor and photonics processes, devices, and systems development across various markets, including display, power devices, automotive, memory, high-performance computing, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, with a global presence in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan.
YTD Price Performance: -37.36%
Average Trading Volume: 180,740
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $141.1M
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