Analogy: Autodesk for microchip and electronics design.

• TCAD Software: Provides tools for simulating and modeling semiconductor and photonics device behavior, reducing development time and manufacturing costs.
• EDA Software: Offers solutions to streamline integrated circuit (IC) design workflows, including custom analog design, circuit simulation, and physical verification.
• Semiconductor Intellectual Property (SIP): Supplies pre-verified, silicon-proven design blocks and authentication technology to accelerate system-on-chip (SoC) development.
• SIP Management Tools: Provides enterprise-level software for managing, tracking, and controlling semiconductor intellectual property within complex SoC design projects.

Silvaco (SVCO) primarily sells its technology computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP) solutions to other companies (B2B).

While the provided background details the types of its major customers and their prominence within various industries, it does not list the specific names of these customer companies with their symbols.

Silvaco's major customers can be categorized as:

• Semiconductor manufacturers
• Original Equipment Manufacturers (OEMs)
• Original Design Manufacturers (ODMs)

The company further specifies that its solutions have been adopted by leading entities within various market segments, including:

• 3 of the 10 largest semiconductor companies by revenue in 2023 (for TCAD solutions)
• 6 of the 10 largest semiconductor companies by revenue in 2023 (for EDA solutions)
• 8 of the 10 largest flat panel display companies by revenue in 2023 (for TCAD solutions)
• 7 of the 10 largest flat panel display companies by revenue in 2023 (for EDA solutions)
• 4 of the 10 leading power semiconductor devices companies in 2023 (for TCAD solutions)

Dr. Walden C. Rhines, Chief Executive Officer

Dr. Walden C. Rhines, known as Wally Rhines, was appointed Chief Executive Officer of Silvaco in August 2025. He previously served as CEO of Mentor Graphics Corporation from 1993 until its acquisition by Siemens in March 2017, after which he became President and CEO of Siemens EDA. Dr. Rhines currently holds the position of President and CEO of Cornami, Inc. and is the Chairman of the board of directors of Qorvo, Inc. He has been a member of Silvaco's board of directors since September 2022 and holds a Ph.D. from Stanford University.

Chris Zegarelli, Chief Financial Officer

Chris Zegarelli assumed the role of Chief Financial Officer at Silvaco in September 2025. He brings more than 20 years of global finance leadership experience within the semiconductor industry. Most recently, he served as Senior Vice President of Finance for Infineon, a role he took after the 2023 acquisition of GaN Systems, where he was CFO and led integration and strategic planning. Prior to that, Mr. Zegarelli held CFO positions at Thermal Engineering International and Indie Semiconductor, where he was involved in raising significant debt and equity financing, enhancing financial systems, and supporting revenue growth. His career also includes finance positions at Broadcom, Qualcomm, and Intel.

Ian Chen, Chief Revenue Officer

Ian Chen serves as the Chief Revenue Officer at Silvaco. His focus is on delivering an optimal customer experience and driving value and growth for Silvaco's technology. He leads the company's marketing, sales, and field applications teams. Before joining Silvaco, Mr. Chen held various technical and business leadership positions at multinational semiconductor companies such as Maxim, Freescale, Cypress, and Texas Instruments, as well as at startups including Analogix Semiconductor, Sensor Platforms, and IC Works.

Andrew Wright, Senior Vice President and General Manager of the Semiconductor IP Business Unit

Andrew Wright leads Silvaco's Semiconductor IP Business Unit. Prior to Silvaco, he was Senior Vice President of R&D and New Product Introduction at Efabless. He also served as Executive Vice President of New Product Development at Cypress Semiconductor, where he was responsible for the company's chip and IP design methodologies and oversaw the development of all Cypress IP and new products. His experience also includes executive roles at UltraSense and Waterbit.

Jasvinder Singh, Senior Vice President and General Manager of the EDA Business Unit

Jasvinder Singh is the Senior Vice President and General Manager of Silvaco's EDA Business Unit. He brings over 20 years of leadership experience in EDA, AI, semiconductor, and autonomous systems. Mr. Singh has a track record of building and scaling global R&D teams and driving product, platform, and engineering growth for multi-billion-dollar organizations. He has held senior roles at companies such as Synopsys, SiClarity, and Cadence, where he led innovations.

Key Risks to Silvaco (SVCO)

• The company's growth and business performance are heavily dependent on the health and increasing research and development spending within the semiconductor and photonics industries. A downturn or reduction in R&D investment in these sectors could directly impact the demand for Silvaco's TCAD, EDA, and SIP solutions.
• Silvaco operates in a competitive and rapidly evolving technology market. While it holds leadership positions in specific niches like TCAD for power devices and display markets, the broader EDA software market is substantial and growing, implying the presence of numerous competitors. The need for continuous innovation and the ability to keep pace with advancements in semiconductor and photonics designs, advanced materials, and shrinking process technology nodes are critical. Failure to maintain a competitive edge through ongoing research and development could lead to a loss of market share.
• The company's growth strategy includes frequent acquisitions, having completed ten since 2015. While these acquisitions aim to complement existing product offerings, expand into new markets, and enhance capabilities, they inherently carry integration risks, the potential for overpaying, challenges in realizing anticipated synergies, and the possibility of diverting significant management attention and resources.

Silvaco's solutions compete in portions of the global aggregate EDA software market representing $3.1 billion of the current global aggregate EDA software market.

Share Issuance

• Silvaco Group completed an Initial Public Offering (IPO) in 2024, which generated $106 million in proceeds.
• As of March 9, 2026, the company reported 31,440,906 shares outstanding.
• On March 13, 2026, Silvaco entered into an "at-the-market" equity program, allowing it to offer and sell up to $15.0 million of common stock over time.
• In February 2026, 167,281 shares of common stock were issued to a former Tech-X Corporation equityholder as part of acquisition terms for contingent earnout and post-closing adjustments.

Outbound Investments

• In 2025, Silvaco completed three strategic acquisitions: Tech-X Corporation (plasma modeling/photonics), Mixel Group, Inc. (high-performance MIPI IP), and the Process Proximity Compensation (PPC) product line from Cadence.

Capital Expenditures

• Capital expenditures for the last 12 months (as of March 4, 2026) were -$741,000.
• Purchases of property and equipment amounted to ($618,000) in Q4 2025 and ($505,000) for the full year 2025.
• The timing and amount of capital expenditure requirements can vary significantly based on factors such as market acceptance of solutions, the need to adapt to changing technologies, and expansion opportunities.