Sivers Semiconductors AB (STO: SIVE) has announced that Dr. Bami Bastani has been appointed as US Executive Chairman and has been nominated to be the Chairman of the Board of Directors of Sivers Semiconductors AB. Dr. Bastani initially joined Sivers as a Strategic Advisor to the Board and the Management team in August 2023, leveraging his 42 years of semiconductor industry experience.
With an extensive background, including senior positions at GlobalFoundries, Meru Networks, Trident Microsystems, and ANADIGICS, Dr. Bastani brings a wealth of expertise to the team. He has also been serving on the Boards of Directors of public and private companies for over two decades. Sivers’ recent acquisition of Mixcomm, a leading provider of mmWave solutions for Satcom and 5G in the US, has solidified the company’s presence in the US market.
Anders Storm, the CEO of Sivers Semiconductors, expressed how Dr. Bastani’s strategic advisory role has opened new possibilities for the company. Anders Storm further highlighted Dr. Bastani’s vast business experience, noting that his knowledge, guidance, and contacts would be invaluable. Dr. Bastani himself expressed his excitement about strengthening Sivers’ presence in the market, given the company’s leadership in mmWave and Photonics technologies.
Sivers’ Nomination Committee sees Dr. Bastani as an important resource in leading the Board of Directors, with current Chairman Tomas Duffy set to continue his service as Vice Chairman. Given his experience on the Board since 2016 and as Chairman since 2018, continuing with Tomas Duffy ensures seamless continuity, as the company moves forward with Dr. Bastani at the helm.
For more information, interested parties are encouraged to reach out to Anders Storm, the CEO of Sivers Semiconductors, or visit the Sivers Semiconductors website.
About Sivers Semiconductors AB
Sivers Semiconductors AB (SIVE.ST) is a leading technology company that supplies ICs and integrated modules through its Wireless and Photonics business areas. Wireless develops products for advanced 5G systems for data and telecommunications networks, while Photonics develops and manufactures semiconductor-based optical products. The company is listed on Nasdaq Stockholm under SIVE, with its head office located in Kista, Sweden.
Please note that information about Dr. Bami Bastani’s recent appointment and the Chairman of Sivers Semiconductors AB is available in the attached press release.
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