Silvaco Announces CEO Transition | Web3Wire

Santa Clara, California, August 21, 2025 (Globe Newswire) – Silvaco Group, Inc. (“Silvaco”) (Nasdaq: SVCO), a supplier of TCAD, EDA software program and SIP options that make semiconductor design and digital twin modeling doable through AI software program and innovation, at the moment introduced that Dr. Babak Taheri has left the corporate, successfully August 19, 2025, after virtually seven years as a chief govt officer, by the corporate by means of his first public provide. The board appointed Walden “Wally” C. Rhines, Ph.D., as the brand new Chief Government Officer of the corporate, instantly in power.

“It has been an ideal honor to work with the group and the board in Silvaco. I’m very happy with our profitable IPO and the persistent double digits progress for a number of years. The ‘One Silvaco’ group has achieved numerous efficiency,” stated Dr. Babak Taheri. “The devoted Silvaco group is effectively positioned to proceed to carry out its strategic imaginative and prescient and to create shareholders’ worth.”

“Silvaco is on an thrilling level in its market alternatives. We’re on the forefront of the design automation of semiconductor with a novel set of expertise affords and a robust pipeline of enterprise alternatives,” Rhines stated. “On behalf of the corporate and the board I need to thank Babak for nearly seven years for his management and want him the easiest. I’m honored to step into this position and am devoted to maximizing the lengthy -term worth for our shareholders.”

Rhines has been a member of the Silvaco Board of Administrators since September 2022 and as a member of the audit committee. Since March 2020 he has been President and Chief Government Officer of Cornami, Inc. And he’s chairman of the Board of Administrators of Qorvo, Inc. (Nasdaq: QRVO). Rhines beforehand served CEO of Mentor Graphics Company from 1993 till the acquisition by Siemens in March 2017. After the acquisition, Rhines served President and Chief Government Officer of Siemens Eda (previously Mentor Graphics). Rhines has a BSE in Engineering from the College of Michigan, an MS and Ph.D. In Supplies Science and Engineering from Stanford College and an MBA from the Southern Methodist College Cox Faculty of Enterprise.

“We’re on an thrilling level within the Silvaco route, and I’ve the best confidence in Wally that Silvaco leads by means of this subsequent chapter. I additionally need to thank Babak who has been an unbelievable asset for the corporate and has performed an instrumental position in all our current milestones, together with our public point out and chairman of the federal government.

About Silvaco Group, Inc.
Silvaco is a supplier of TCAD, EDA software program and SIP options that allow the design of semiconductor and digital twin modeling through AI software program and innovation. Silvaco options are used for semiconductor and photonics processes, units and system growth about show, energy units, automotive, reminiscence, excessive efficiency calculations, foundries, photonics, web of issues and 5G/6G cellular markets for advanced SOC -design. Silvaco has its headquarters in Santa Clara, California and has a worldwide presence with workplaces in North America, Europe, Egypt, Brazil, China, Japan, Korea, Taiwan, Singapore and Vietnam. Learn extra at silvaco.com.

Contacts
Media relationships:
Tiffany Behay, Press@silvaco.com

Investor Relations:
Greg McNiff, investors@silvaco.com