Ceva, Inc. Appoints Amir Faintuch to its Board of Directors

Rhea-AI Summary

Ceva (NASDAQ: CEVA) has appointed Amir Faintuch to its Board of Directors as an independent director, expanding the board to eight members. Faintuch will also serve on the Strategic Committee, making him the seventh independent director on the board.

Faintuch brings significant semiconductor industry experience, currently serving as CEO of Volumez, a Data Infrastructure as a Service company. His previous roles include senior positions at GlobalFoundries, Intel , and Qualcomm, where he held various technical and business leadership positions. At Intel, he was Senior VP and GM of Platform Engineering, while at Qualcomm, he served as President of Qualcomm Atheros.

The appointment aims to strengthen Ceva's leadership as it focuses on growth in the smart edge AI era. Faintuch holds a bachelor's degree in economics and business administration from Haifa University and a dual MBA from Northwestern University and Tel Aviv University.

Positive

• Addition of experienced semiconductor industry executive to the board
• Strengthened corporate governance with 7 out of 8 directors being independent
• Strategic expertise in AI and edge computing aligned with company's growth focus

Negative

• None.

ROCKVILLE, Md., Jan. 29, 2025 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced the appointment of Amir Faintuch, a seasoned technology executive, to its Board of Directors as an independent director. He will also serve as a member of the Strategic Committee. This election expands Board membership to eight members, seven of whom are independent.

"We welcome Amir to the Ceva Board," said Peter McManamon, Chairman of the Board of Ceva. "His extensive experience and deep expertise as a business and technology executive at some of the world's leading semiconductor companies will provide the Ceva board and management team with valuable insights in leadership and strategy as we embark on our next phase of growth and expansion in the smart edge AI era."

Amir Faintuch serves as the Chief Executive Officer of Volumez, a pioneering leader in Data Infrastructure as a Service (DIaaS) since December 2022. Previously, Amir held senior executive management positions spanning technical and business responsibilities at leading technology companies including: GlobalFoundries, where he was Senior Vice President and General Manager of the Computing, Wired Infrastructure and Storage business; Intel Corporation where he served as Senior Vice President and General Manager of Platform Engineering; and Qualcomm, where his roles included President of Qualcomm Atheros. Amir started his corporate career at Texas Instruments where he was responsible for establishing the company's technical and market leadership in mobile connectivity technologies such as Bluetooth, Wi-Fi, GPS and NFC. Amir holds a bachelor's degree in economics and business administration from Haifa University in Israel and a dual MBA degree in high technology management from the Kellogg School of Management at Northwestern University and the Recanati Business School at Tel Aviv University.

About Ceva, Inc.
At Ceva, we are passionate about bringing new levels of innovation to the smart edge. Our wireless communications, sensing and Edge AI technologies are at the heart of some of today's most advanced smart edge products. From wireless connectivity IPs (Bluetooth, Wi-Fi, UWB and 5G platform IP), to scalable Edge AI NPU IPs and sensor fusion solutions, we have the broadest portfolio of IP to connect, sense and infer data more reliably and efficiently. We deliver differentiated solutions that combine outstanding performance at ultra-low power within a very small silicon footprint. Our goal is simple – to deliver the silicon and software IP to enable a smarter, safer, and more interconnected world. This philosophy is in practice today, with Ceva powering more than 18 billion of the world's most innovative smart edge products from AI-infused smartwatches, IoT devices and wearables to autonomous vehicles and 5G mobile networks.  

Our headquarters are in Rockville, Maryland with a global customer base supported by operations worldwide. Our employees are among the leading experts in their areas of specialty, consistently solving the most complex design challenges, enabling our customers to bring innovative smart edge products to market.

Ceva is a sustainability- and environmentally-conscious company, adhering to our Code of Business Conduct and Ethics. As such, we emphasize and focus on environmental preservation, recycling, the welfare of our employees and privacy – which we promote on a corporate level. At Ceva, we are committed to social responsibility, values of preservation and consciousness towards these purposes.

Ceva: Powering the Smart Edge™

Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ceva-inc-appoints-amir-faintuch-to-its-board-of-directors-302362812.html

SOURCE Ceva, Inc.

FAQ

Who is Amir Faintuch and what is his role at CEVA as of January 2024?

Amir Faintuch has been appointed as an independent director to CEVA's Board of Directors and will serve as a member of the Strategic Committee. He is currently the CEO of Volumez and brings extensive experience from leadership roles at GlobalFoundries, Intel, and Qualcomm.

How many independent directors does CEVA have after Faintuch's appointment?

After Amir Faintuch's appointment, CEVA's board expanded to eight members, with seven of them being independent directors.

What is Amir Faintuch's background in the semiconductor industry?

Faintuch has held senior executive positions at major semiconductor companies including GlobalFoundries (SVP and GM), Intel (SVP and GM of Platform Engineering), and Qualcomm (President of Qualcomm Atheros). He began his career at Texas Instruments.

How does Faintuch's appointment align with CEVA's strategic direction?

Faintuch's appointment aligns with CEVA's focus on growth and expansion in the smart edge AI era, bringing valuable insights in leadership and strategy from his extensive experience in the semiconductor industry.