12 February 2024
Bami Bastani appointed executive chairman of Sivers Semiconductors Inc
Chip and integrated module supplier Sivers Semiconductors AB of Kista, Sweden says that its subsidiary Sivers Semiconductors Inc has appointed Dr Bami Bastani as US executive chairman, and that he has also been nominated as the chairman of the board of directors of Sivers Semiconductors AB.
Bastani joined Sivers’ team as strategic advisor to the board and the management team in August 2023. He has over 42 years of semiconductor industry experience, most recently as senior VP at GlobalFoundries and GlobalFoundries’ board member at the Global Semiconductor Alliance (GSA). Previously, Bastani held president, CEO and board member positions at Meru Networks, Trident Microsystems, and ANADIGICS. He has over 20 years of experience of serving on boards of directors of public and private companies.
Sivers’ acquisition of fabless semiconductor company MixComm Inc of Chatham, NJ, USA (which designs millimeter-wave solutions for Satcom and 5G) has established the company with a presence in the USA. Bastani will assist group CEO Anders Storm in further strengthening Sivers’ position in the USA with his network of executive contacts, sales opportunities, attracting talent, and overall strategies.
“Bami Bastani is currently the strategic advisor to the board of Sivers Semiconductors. He has provided the company with outstanding senior advice and networking in the semiconductor industry. The Nomination Committee sees Bami Bastani as an important resource in leading the board of directors as the chairman,” comments Nomination Committee chairman Joachim Cato. “The Nomination Committee greatly values that current chairman Tomas Duffy will continue his service on the board as vice chairman, thereby safeguarding continuity on the board. Tomas has served on the board since 2016 and as chairman since 2018,” he adds.
“Bastani has been instrumental in opening new doors as an advisor to the company. With his vast business experience, he will provide valuable senior guidance, industry knowledge, and business contacts to Sivers' team,” reckons Storm.
“Sivers is uniquely positioned at the heart of high-speed communication solutions that drive the megatrends that impact every aspect of our lives, such as AI, data centers, Satcom etc, with its leadership in mmWave and photonics technologies,” comments Bastani.