Silvaco Announces that The Ninth Circuit affirmed the dismissal of all claims against Silvaco brought by Aldini AG

Rhea-AI Summary

Silvaco Group (Nasdaq: SVCO) announced that the U.S. Court of Appeals for the Ninth Circuit has affirmed the dismissal of all claims against the company brought by Aldini AG. The affirmation supports the previous ruling by the U.S. District Court for the Northern District of California. CEO Babak Taheri expressed satisfaction with the court's decision, emphasizing that this resolution allows the company to focus fully on customer empowerment and industry innovation. Silvaco is a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software.

Positive

• Legal victory with dismissal of all Aldini AG claims upheld by appeals court
• Resolution of legal uncertainty that could have affected company operations

Negative

• None.

News Market Reaction – SVCO

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+1.68% News Effect

On the day this news was published, SVCO gained 1.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SANTA CLARA, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO) ("Silvaco"), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced that the U.S. Court of Appeals for the Ninth Circuit affirmed the U.S. District Court for the Northern District of California’s dismissal of all claims against Silvaco brought by Aldini AG.

"We are pleased with the court's decision," said Babak Taheri, CEO of Silvaco. "This outcome validates our commitment to integrity. With this matter resolved, we can dedicate our full attention to what truly matters: empowering our customers and driving innovation in the industry."

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. For additional information, please visit https://silvaco.com/

Investor Relations:
Greg McNiff
investors@silvaco.com

Media Contact
Tyler Weiland
press@silvaco.com 

FAQ

What was the outcome of Silvaco's (SVCO) legal case with Aldini AG?

The U.S. Court of Appeals for the Ninth Circuit affirmed the dismissal of all claims against Silvaco brought by Aldini AG, supporting the previous ruling by the U.S. District Court for the Northern District of California.

How does the Ninth Circuit Court ruling affect Silvaco (SVCO)?

The ruling removes legal uncertainty for Silvaco, allowing the company to focus fully on its core business of customer empowerment and industry innovation in semiconductor design and digital twin modeling solutions.

What legal victory did Silvaco (SVCO) achieve in December 2024?

In December 2024, Silvaco achieved a legal victory when the Ninth Circuit Court of Appeals affirmed the dismissal of all claims brought against the company by Aldini AG.

What court affirmed the dismissal of claims against Silvaco (SVCO)?

The U.S. Court of Appeals for the Ninth Circuit affirmed the U.S. District Court for the Northern District of California's dismissal of all claims against Silvaco.