IPO values Silvaco at up to $131m
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EDA and digital twin developer Silvaco has embarked on an initial public offering (IPO) of 6m shares.
The shares in Silvaco are priced between $17 and $19 per share, valuing the company at up to $131m.
The company is no new startup. It has been developing TCAD (Technology Computer Aided Design) software, EDA (Electronic Design Automation) software and design IP for over 30 years and has now branched out into chip fab digital twin modelling. The tools start with simulation of material behavior impacting semiconductor devices, to design and analysis of transistor circuits, and lastly providing IP blocks for systems-on-chip (SoC) designs and digital twin modeling tools.
The company says it intends to use the net proceeds from this offering for general corporate purposes, including working capital, selling and marketing activities, research and product development, general and administrative matters, the repayment of outstanding debt, and capital expenditures.
Last month Silvaco expanded its software license and support services with Micron Technology which included a $5m investment.
“We have combined our expertise in semiconductor technologies with machine learning and data analysis to develop an artificial intelligence-based solution named fab technology co-optimization, or FTCO, for wafer-level fabrication facilities.” Said Dr. Babak Taheri, Silvaco’s CEO.
“FTCO uses manufacturing data to perform statistical and physics-based machine learning software simulations to create a computer model or ‘digital twin’ of a wafer that can be used to simulate the fabrication process. Customers can utilize this model to run simulation experiments to understand and enhance wafer yield without the need to run physical wafers which can be time-consuming and expensive.”
“Silvaco’s AI and digital twin solution is enabling us to accelerate our groundbreaking advancements in memory and storage,” said Dr. Gurtej Sandhu, principal fellow of Technology Pathfinding at Micron Technology.
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