Business
Silvaco Announces Expected Addition to Three US Russell Indexes
SANTA CLARA, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO, “Silvaco” or the “Company”), a provider of TCAD, EDA software, and
About this update from Silvaco Group, Inc.
[{"type":"text","content":"SANTA CLARA, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO, “Silvaco” or the “Company”), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, announced today that it will be added to the Russell 2000®, Russell 3000® and the Russell Microcap® indexes as part of the Russell indexes' planned third quarter IPO additions. Silvaco is scheduled to be added to these indexes effective Monday, September 23, 2024. “Silvaco’s inclusion in these widely tracked Russell indexes represents another important milestone for our company,” said Babak Taheri, Silvaco’s Chief Executive Officer. “We look forward to the increased visibility this inclusion brings, which will enable us to broaden our shareholder base by reaching a wider range of passive and active investors, including ETFs and other institutional funds,” added Dr. Taheri. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. According to data as of the end of December 2023, approximately $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider. About Silvaco Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. About FTSE Russell FTSE Russell is a leading global provider of benchmarking, analytics, and data solutions for investors, giving them a precise view of the market relevant to their investment process. A comprehensive range of reliable and accurate indexes provides investors worldwide with the tools they require ...