Aeluma appoints ex-NVIDIA executive to board

GOLETA, CA - Aeluma, Inc. (OTCQB:ALMU), a semiconductor company with a market capitalization of $75.32 million, announced on February 25, 2025, the appointment of Mike Byron, a former NVIDIA (NASDAQ:NVDA) executive, to its Board of Directors. Byron’s addition comes as Aeluma aims to scale its high-performance technologies for markets including AI and quantum computing. According to InvestingPro data, the company has demonstrated remarkable growth with revenue surging over 455% in the last twelve months, though trading near its Fair Value.

With over three decades of experience in semiconductor finance and operations, Byron retired from his role as Vice President of Finance Operations & Systems at NVIDIA. During his tenure, he contributed to NVIDIA’s transformation into a global semiconductor leader. His previous roles include Vice President & Chief Accounting Officer at NVIDIA and auditor at Deloitte. Byron also holds a Bachelor’s degree in Business Economics and is a Certified Public Accountant since 1990.

Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma, stated that Byron’s expertise arrives at a critical time for the company, which is looking to expand its technology’s adoption in strategic sectors. Byron expressed his enthusiasm for Aeluma’s innovative approach to semiconductor solutions, which are essential for the increasing demands of AI and quantum computing. The company’s stock has shown significant momentum, with InvestingPro reporting a 107.89% return over the past six months, despite its characteristic high volatility (Beta: -2.45).

Aeluma is recognized for its novel optoelectronics and semiconductor chips, which leverage high-performance materials and scalable silicon manufacturing. The company has established strategic partnerships with NASA, the Department of Defense, and the Department of Energy, enhancing its position in U.S.-based semiconductor innovation. While not yet profitable, the company’s strategic positioning and strong revenue growth have caught investor attention, with twelve additional key insights available on InvestingPro.

The information in this article is based on a press release statement from Aeluma, Inc. The company’s forward-looking statements reflect its current expectations and projections, which are subject to risks, uncertainties, and assumptions. Aeluma has not provided any update on these forward-looking statements.

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