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) 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.
Silvaco Group, Inc. (Nasdaq: SVCO), a provider of TCAD, EDA software, and SIP solutions, announced its expected addition to three US Russell indexes: the Russell 2000®, Russell 3000®, and Russell Microcap®. The inclusion is set to take effect on Monday, September 23, 2024, as part of the Russell indexes' planned third quarter IPO additions.
CEO Babak Taheri highlighted this as an important milestone, anticipating increased visibility and a broader shareholder base. The Russell indexes, widely used by investment managers and institutional investors, are known for their objective market-capitalization rankings and style attributes. As of December 2023, approximately $10.5 trillion in assets are benchmarked against Russell US indexes.
Silvaco Group, Inc. (SVCO) reported strong Q2 2024 financial results, with revenue of $15.0 million, up 19% year-over-year, at the high end of guidance. Quarterly bookings reached $19.5 million, up 36% year-over-year, exceeding expectations. TCAD revenue grew 34% to $10.4 million, while EDA revenue increased 20% to $3.0 million. However, SIP revenue declined 30% to $1.6 million.
The company reported a GAAP net loss of $(38.4) million, primarily due to stock-based compensation and an acquisition-related litigation charge. Non-GAAP net income was $1.8 million. Silvaco completed its IPO in May, raising $106 million net. The company maintains its full-year revenue guidance and has raised its bookings guidance, citing strong demand and growing interest in its digital twin product.
Silvaco Group, Inc. (Nasdaq: SVCO), a provider of TCAD, EDA software, and SIP solutions for semiconductor design and digital twin modeling, has announced its participation in the Rosenblatt 4th Annual Technology Summit. The company will engage in a fireside chat on Monday, August 19, 2024, at 4:00 p.m. Eastern time.
Investors and interested parties can access a live webcast of the presentation, as well as a replay, through Silvaco's investor relations website at https://investors.silvaco.com/. This event provides an opportunity for Silvaco to showcase its AI-driven software and innovative solutions to a broader audience in the technology sector.
Silvaco Group, Inc. (Nasdaq: SVCO), a provider of TCAD, EDA software, and SIP solutions for semiconductor design and digital twin modeling, has announced its Q2 2024 financial results conference call. The call is scheduled for August 7, 2024, at 5:00 p.m. Eastern time, following the release of financial results after market close on the same day.
The company will discuss its Q2 2024 results and provide outlook for Q3 and full year 2024. Investors can access the press release, supplemental financial results, and earnings presentation at https://investors.silvaco.com/. An archived replay of the call will be available on the website. Participants wishing to ask questions during the call can register to receive dial-in numbers and a unique PIN.
Silvaco Group, Inc. (NASDAQ: SVCO) announced an update to the Silvaco, Inc. v. Ole Christian Andersen et al litigation regarding the 2018 acquisition of Nangate Denmark ApS. On July 23, 2024, a jury awarded Nangate $11.3 million in damages for breach of contract claims. This amount may increase by up to $4.2 million in potential statutory prejudgment interest.
A hearing on August 16, 2024, will consider punitive damages for fraud claims. Silvaco is exploring post-trial motions and appeals. CEO Babak Taheri stated that the ruling should not materially impact core business operations. As of June 30, 2024, Silvaco had $102.3 million in unaudited cash, cash equivalents, and marketable securities.
Silvaco (Nasdaq: SVCO) has announced new initiatives to address the talent shortage in the semiconductor industry. These initiatives include partnerships with Purdue University, Stanford University, and Arizona State University to enhance educational programs and provide students access to advanced TCAD software via nanoHUB. Silvaco's efforts aim to lower barriers for students entering the field and ensure a steady influx of skilled professionals. Additionally, Silvaco and Stanford have published a comprehensive book on chip fabrication. The company emphasizes its commitment to advancing semiconductor technology and education through these collaborations.
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