Welcome to our dedicated page for Silvaco Group news (Ticker: SVCO), a resource for investors and traders seeking the latest updates and insights on Silvaco Group stock.
Silvaco Group, Inc. (symbol: SVCO) is a pioneering company in the domain of technology computer-aided design (TCAD) software, electronic data automation (EDA) software, and semiconductor intellectual property (SIP). Silvaco’s advanced solutions empower semiconductor and photonics companies to enhance their productivity, speed up their products' time-to-market, and reduce development and manufacturing costs.
Silvaco’s offerings are integral to developing the 'technology behind the chip'. The company provides a comprehensive suite of software tools that range from atomic-level simulation of semiconductor and photonics materials to the design and analysis of circuits and system-level solutions. These tools help in simulating the behavior of materials at the atomic level, which is crucial for the development of cutting-edge semiconductor devices.
In recent years, Silvaco has achieved significant milestones that underscore its innovative capabilities and market relevance. The company's continuous investment in research and development has led to the introduction of several groundbreaking products that have set new standards in the industry.
Financially, Silvaco maintains a stable position, underpinned by robust partnerships with leading industry players and a strong portfolio of intellectual property. The company’s strategic alliances allow it to stay ahead of market trends and meet the evolving needs of its clientele effectively.
Silvaco's product lineup includes specialized software tools for the design and analysis of semiconductor devices. These tools are designed to streamline the development process, ensuring that products can be brought to market swiftly and at a reduced cost. The company’s SIP solutions further complement these tools by providing essential components that enhance the functionality and performance of semiconductor devices.
As the semiconductor industry continues to evolve, Silvaco remains committed to driving innovation and providing its customers with state-of-the-art solutions that address the most pressing challenges in the field. With a strong focus on research, development, and customer satisfaction, Silvaco is well-positioned to maintain its leadership role in the technology sector.
Latest News: The company continues to expand its product offerings and forge new partnerships, ensuring that it remains at the forefront of the industry.
Silvaco Group (NASDAQ: SVCO) announced preliminary Q4 2024 results with record-breaking performance. Q4 bookings are expected between $20.1-20.4 million, up 29-31% year-over-year, while revenue is projected at $17.7-18.1 million, up 41-45% year-over-year.
The company signed 13 new customers in Q4 across photonics, power, automotive, memory, and foundry sectors. Q4 GAAP gross margin is anticipated at 85-87%, with non-GAAP gross margin at 88-90%. GAAP net income per share is expected between $0.14-0.18, compared to ($0.11) in Q4 2023.
For full-year 2024, gross bookings are expected at $65.5-65.9 million, up 13% from 2023, with revenue projected at $59.5-59.9 million, representing a 10% increase. The company acquired 46 new customers throughout the year.
Silvaco Group (Nasdaq: SVCO) has announced its participation in the 27th Annual Needham Growth Conference. The company, which specializes in TCAD, EDA software, and SIP solutions for semiconductor design and digital twin modeling through AI software, will engage in a fireside chat on Wednesday, January 15, at 9:30 a.m. Eastern time.
The presentation will be accessible to interested parties through a live webcast, with a replay option available afterward. Both the live stream and replay can be accessed through Silvaco's investor relations website at https://investors.silvaco.com/.
Silvaco Group (Nasdaq: SVCO) announced a strategic sales partnership with Micon Global to expand its presence in the EMEA market. The collaboration aims to enhance client access to Silvaco's TCAD, EDA software, and SIP solutions for semiconductor design and digital twin modeling. Micon Global, with over 20 years of expertise and team members across Europe, will promote Silvaco's complete technology portfolio. The partnership leverages Micon Global's regional expertise and strong client relationships in the semiconductor, electronics, and software sectors to address complex technology and design challenges.
Silvaco Group (Nasdaq: SVCO) announced that the U.S. Court of Appeals for the Ninth Circuit has affirmed the dismissal of all claims against the company brought by Aldini AG. The affirmation supports the previous ruling by the U.S. District Court for the Northern District of California. CEO Babak Taheri expressed satisfaction with the court's decision, emphasizing that this resolution allows the company to focus fully on customer empowerment and industry innovation. Silvaco is a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software.
Silvaco Group (Nasdaq: SVCO) has joined the Semiconductor Manufacturing and Advanced Research with Twins (SMART) USA Institute, a pioneering initiative under the CHIPS Manufacturing USA program. The Department of Commerce's CHIPS for America program is negotiating to provide $285 million to establish the institute through SRC Manufacturing Consortium
The SMART USA Institute, with over 150 expected partners across industry and academia spanning 30+ states, will have combined funding of $1 billion. The initiative focuses on creating a national open-source digital backbone for semiconductor manufacturing, utilizing digital twin technologies to advance semiconductor design, manufacturing, and packaging.
Silvaco will contribute its FTCO™ solution for AI-driven Digital Twin modeling and its expertise in TCAD and EDA software to optimize semiconductor manufacturing processes.
Silvaco Group reported Q3 2024 financial results with revenue of $11.0 million, down 27% year-over-year. The company experienced a GAAP net loss of $(6.6) million and Non-GAAP net loss of $(1.8) million. The quarter was impacted by a shift of a substantial $5.0 million order to Q4 and delays in Chinese orders. Key highlights include acquiring 14 new customers, expanding Victory TCAD and Digital Twin Modeling Platform, and maintaining a strong cash position of $100.4 million. The company's remaining performance obligation balance stands at $32.6 million, with 48% expected to be recognized as revenue in the next 12 months.
Silvaco Group (Nasdaq: SVCO) has announced that its subsidiary Silvaco has achieved ISO 9001 certification for its quality management system supporting TCAD, EDA software, and SIP solutions. The certification, performed by Schellman Compliance, validates Silvaco's commitment to quality, customer satisfaction, and continuous improvement across its product portfolio.
The ISO 9001 certification confirms Silvaco's implementation of effective processes and controls for consistent product quality, from design and development to delivery and support. The company's solutions enable semiconductor design and digital twin modeling through AI software, helping semiconductor and photonics companies increase productivity, accelerate time-to-market, and reduce development costs.
Silvaco Group, Inc. (Nasdaq: SVCO) announced preliminary unaudited revenue results for Q3 2024 and updated its full-year 2024 outlook. The company expects Q3 2024 revenue to be approximately $11.0 million, excluding a $5.0 million order received in early Q4. Silvaco cited a decline in orders from Asia due to economic challenges and U.S.-China trade tensions.
For the full year 2024, Silvaco revised its guidance:
- Gross bookings: $64-67 million (down from $67-71 million)
- Revenue: $60-63 million (down from $63-66 million)
- Year-over-year growth: 10-16% (down from 16-22%)
- Non-GAAP gross margin: 85-87% (down from 85-89%)
- Non-GAAP operating income: $5.0-8.0 million (down from $8.0-11.0 million)
Despite the adjustments, CEO Babak Taheri expressed confidence in the company's long-term strategy and growth potential.
Silvaco Group, Inc. (Nasdaq: SVCO) has appointed Candace Jackson as Senior Vice President, General Counsel, and Corporate Secretary, effective September 23, 2024. With 15 years of experience in both in-house and private practice roles, Jackson will provide strategic legal advice and support Silvaco's global expansion and innovation initiatives.
Prior to joining Silvaco, Jackson served as Deputy General Counsel at Synaptics Incorporated and Assistant General Counsel at US Foods Holding Corp. She also worked as a senior associate at Mayer Brown LLP, contributing to the firm's Public Companies and Corporate Governance practice.
CEO Babak Taheri expressed enthusiasm for Jackson's appointment, highlighting her expertise in corporate law and governance. Jackson, who holds a Juris Doctor from Emory University and a Bachelor's in Sociology from the University of Michigan, will report directly to Taheri as a key member of the executive leadership team.
Silvaco Group, Inc. (Nasdaq: SVCO) has announced the expansion of its Victory TCAD and Digital Twin Modeling Platform to support Planar CMOS, FinFET, and Advanced CMOS Technologies. The 2024 TCAD Baseline Release simulation platform now enables semiconductor companies to accelerate technology development across these advanced technologies.
Key features of the platform include:
- Support for advanced CMOS Process and Device simulation
- Highly accurate 3D process simulation with digital twin-like precision
- Integrated stress simulation for modeling deformed structures
- Cryogenic application support through atomistic quantum transport approach
- Modeling of transistor structures down to 1 Kelvin
This expansion builds on Silvaco's success in Display, Photonics, Memory, and Power Semiconductor markets, now addressing growing markets such as foundries, 5G, AI, and high-performance computing.
FAQ
What is the current stock price of Silvaco Group (SVCO)?
What is the market cap of Silvaco Group (SVCO)?
What does Silvaco Group, Inc. specialize in?
How does Silvaco's software benefit semiconductor companies?
What is TCAD software?
What recent achievements has Silvaco made?
What financial condition is Silvaco in?
What are SIP solutions?
How does Silvaco stay ahead in the market?
What kind of software tools does Silvaco offer?
What industries benefit from Silvaco's solutions?
What future plans does Silvaco have?
