Vickram Vathulya to join Sivers Semiconductors as CEO and president
The company says the appointment underscores its commitment to continued global growth in several emerging markets, including silicon photonics, 5G, and satellite communications
Sivers Semiconductors, a supplier of integrated chips and photonics modules for advanced communications and sensor solutions, has appointed Vickram Vathulya as its new president & CEO, succeeding Anders Storm, from 19 August 2024.
Sivers notes that Vathulya brings over 25 years of experience in the semiconductor industry with a proven track record in building strategically sound businesses backed by strong organisational talent while navigating complex market dynamics to lead Sivers through its next phase of growth. The company hopes that, as CEO, Vathulya will leverage his senior leadership experience, extensive network, and deep understanding of the semiconductor industry to drive its strategic initiatives worldwide.
Vathulya most recently served as president of Nuvotronics, spearheading a strategic, operational, and cultural transformation for long-term growth and value creation. Prior to that, he revitalised the standard products business at Maxim Semiconductors, the largest and most profitable business in the company portfolio. His experience also includes other executive leadership roles, such as successfully growing a variety of RF and wireless businesses at Maxim Integrated and NXP Semiconductors. Vathulya has a PhD in Electrical Engineering from Lehigh University in Pennsylvania and an MBA from the Berkeley Haas School of Business, University of California.
“Vickram’s leadership qualities and industry expertise are exactly what Sivers was looking for in this CEO appointment in order to accelerate our aggressive growth strategy in the US and worldwide,” said Bami Bastani, recently appointed chair of the board at Sivers. “His proven ability to deliver profitable growth and build high-performance teams will be invaluable as we aim to cement our position as a leader in advanced semiconductor and photonic solutions.”
“I’m excited to join Sivers and work alongside our talented wireless and photonics leaders, teams and innovative customers to expand our footprint in the global markets, driving the next phase of our growth journey,” said Vathulya. “Our portfolio of RF products for Satcom & 5G systems and optical products for AI computing and sensing demonstrates the truly cutting-edge capability Sivers brings to the market. With several marquee customers recently selecting Sivers for their solutions, I am confident the company is on the cusp of remarkable growth and shareholder value creation.”
Sivers adds that Vathulya’s appointment comes at an exciting time for the company, as it gains significant market momentum in SATCOM, 5G and AI photonics. During the first 6 months of 2024 Sivers announced multiple new customer wins, including two major satellite communication deals valued at $7.6 million and a $1.3 million collaboration with a strategic customer to develop photonic chipsets for AI solutions. During 2023 the company grew net revenue by 80 percent, and says it continues to see significant growth in product revenue in 2024.
