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SANTA CLARA, Calif. - Silvaco Group, Inc. (NASDAQ:SVCO), a provider of semiconductor design software and solutions with a market capitalization of $162 million, announced Thursday the appointment of Chris Zegarelli as Chief Financial Officer, effective September 15, 2025. The appointment comes as the company’s stock trades at $5.10, down nearly 37% year-to-date.
Zegarelli will report directly to CEO Dr. Walden Rhines as a senior member of the executive team. He brings over 20 years of leadership experience in the semiconductor industry, with expertise in investor relations, financial reporting, forecasting, mergers and acquisitions, and strategic planning. According to InvestingPro data, Silvaco maintains impressive gross profit margins of 79% despite recent challenges, with more financial insights available in the Pro Research Report.
Most recently, Zegarelli served as Senior Vice President of Finance at Infineon Technologies, where he led integration efforts following the $830 million acquisition of GaN Systems, where he had previously been CFO. His career also includes CFO positions at Thermal Engineering International and Indie Semiconductor, along with senior finance roles at Broadcom and Qualcomm. InvestingPro analysis shows Silvaco holds more cash than debt on its balance sheet, though the company is currently experiencing accelerated cash burn.
"He brings not only deep financial expertise but also a growth mindset and a track record of scaling companies in fast-moving semiconductor and technology markets," said Dr. Rhines in the company’s press release.
Zegarelli will join Silvaco as the company continues to expand its portfolio of TCAD, EDA software, and SIP solutions for semiconductor design and digital twin modeling.
Silvaco is headquartered in Santa Clara, California, with offices across North America, Europe, Asia, and other regions.
In other recent news, Silvaco Group Inc. reported its second-quarter 2025 earnings, missing expectations on both earnings per share (EPS) and revenue. The company posted an EPS of -$0.16, significantly below the anticipated $0.12, and reported revenue of $12.05 million, representing a 19% decline year-over-year. Rosenblatt noted that Silvaco’s Q2 revenue of $12 million fell short of its forecast of $15.4 million, although the trailing twelve-month Annual Contract Value base increased by 26% year-over-year to $55.9 million, aided by acquisitions. Additionally, TD Cowen lowered its price target for Silvaco to $8.00 from $10.00, citing execution concerns following the company’s June quarter results and revenue guidance below Street expectations. Despite these concerns, TD Cowen maintained a Buy rating, suggesting the need for improved execution and growth clarity. Similarly, Rosenblatt adjusted its price target to $12.00 from $14.00 while maintaining a Buy rating. In a leadership change, Silvaco appointed Wally Rhines as CEO, succeeding Babak Taheri, who departed after nearly seven years. Rhines has been a member of Silvaco’s board since September 2022.
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