Micon Global and Silvaco Announce New Partnership

Rhea-AI Summary

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.

Positive

• Strategic expansion into EMEA market through established partner
• Access to Micon Global's 20+ years of industry expertise and client network
• Enhanced distribution channel for full product portfolio

Negative

• None.

Insights

Market Research Analyst

This strategic sales partnership with Micon Global marks a calculated expansion move for Silvaco in the EMEA semiconductor market. The timing aligns with increased regional demand for semiconductor design solutions, particularly as Europe pushes to strengthen its semiconductor capabilities. Micon Global's established presence across European markets and two-decade industry experience provides Silvaco with immediate access to key decision-makers at fabs and fabless design houses.

The partnership's focus on TCAD (Technology Computer-Aided Design), EDA (Electronic Design Automation) and SIP (Semiconductor Intellectual Property) solutions targets high-growth segments within the $500 billion global semiconductor market. While immediate revenue impact may be modest, the long-term potential lies in Micon's ability to accelerate Silvaco's market penetration in EMEA, particularly as the region invests heavily in semiconductor manufacturing capacity.

A distribution partnership typically yields 15-20% of revenues to the partner, making this a cost-effective expansion strategy compared to building direct sales teams. The deal's value will largely depend on Micon's ability to leverage its relationships with major European semiconductor players and convert them into Silvaco customers.

Tech Industry Analyst

The technical significance of this partnership centers on Silvaco's AI-enabled semiconductor design and digital twin modeling capabilities. These tools are becoming increasingly critical as chip designs grow more complex and manufacturing processes shrink to sub-7nm nodes. The integration of AI in EDA tools represents a major technological shift, helping reduce design time and optimize chip performance.

Silvaco's TCAD solutions are particularly valuable for power semiconductor manufacturers, which are seeing surging demand from electric vehicle and renewable energy sectors - both strong in Europe. The digital twin modeling capabilities align with Industry 4.0 initiatives, where virtual prototyping can significantly reduce development costs and time-to-market.

For a company with a market cap of $222.9 million, this partnership represents a strategic move to compete with larger EDA vendors like Synopsys and Cadence in the EMEA region. The focus on specialized tools for power semiconductors and AI-driven design automation could help Silvaco capture market share in these growing niches.

SANTA CLARA, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced a strategic sales partnership with Micon Global. The partnership between Silvaco and Micon Global is expected to drive Silvaco’s expansion across the EMEA market, leveraging Micon Global’s expertise to enhance client access to Silvaco’s design solutions.

“We are excited to partner with Micon Global to bring Silvaco’s TCAD, EDA, and SIP solutions to a broader customer base, as we expand our reach across the EMEA market,” said Ian Chen, Chief Revenue Officer at Silvaco Group. “We believe Micon Global’s deep expertise in the region and strong client relationships will be instrumental in increasing access to our cutting-edge semiconductor design and digital twin modeling solutions, empowering innovation and enabling success for our customers.”

Micon Global has team members across Europe, and a long history of connecting top fabs and fabless design houses with companies in the semiconductor, electronics and software sectors. With over 20 years of expertise, Micon Global is known for its customer-focused approach, extensive industry knowledge and professional service. Micon Global will be promoting the full Silvaco technology portfolio, including TCAD, EDA, and Semiconductor IP solutions. 

“Micon Global is pleased to extend its business partnership with Silvaco to further enhance Silvaco’s reach in the EMEA market,” stated Tal Oren, CEO of Micon Global.  “The Silvaco TCAD, EDA and IP solutions are in demand in an expanding semiconductor market and will allow us to address the most complex technology and design challenges of our customers.”

About Micon Global
Since 2001, Micon Global has represented leading providers in the semiconductor, electronics and software industries. With offices across the UK, Israel, Italy, France, Germany, Japan, Korea and Taiwan, Micon Global supports clients across the EMEA and APAC regions, offering localized expertise and driving success in the global technology market.

About Silvaco 
Silvaco is a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore and Taiwan. For additional information, please visit https://silvaco.com/

Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the "safe harbor" provisions of those sections. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are typically identified by the use of words such as "anticipate," "expect," "intend," "plan," "believe," "estimate," "potential," "continue" and similar expressions, although not all forward-looking statements contain these words. These statements are based on the Company’s current expectations and assumptions and are subject to risks, uncertainties and other factors, including those described in the Company's most recent Quarterly Report on Form 10-Q and other filings with the Securities and Exchange Commission. These factors may cause actual results to differ materially from those expressed or implied by forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Investor Relations:
Greg McNiff
investors@silvaco.com

Media Contact
Tyler Weiland
press@silvaco.com 

FAQ

What is the strategic partnership between Silvaco (SVCO) and Micon Global?

Silvaco (SVCO) and Micon Global have formed a strategic sales partnership to expand Silvaco's presence in the EMEA market, with Micon Global promoting Silvaco's TCAD, EDA, and Semiconductor IP solutions.

How will the Micon Global partnership benefit Silvaco's (SVCO) market reach?

The partnership will leverage Micon Global's 20+ years of expertise, regional presence, and strong client relationships to enhance access to Silvaco's semiconductor design solutions across the EMEA market.

What products will Micon Global distribute for Silvaco (SVCO)?

Micon Global will promote Silvaco's complete technology portfolio, including TCAD, EDA, and Semiconductor IP solutions.

What regions will be covered by the Silvaco (SVCO) and Micon Global partnership?

The partnership will cover the EMEA (Europe, Middle East, and Africa) market, with Micon Global having team members across Europe.