MosChip Technologies Appoints Semiconductor Industry Veteran, Dr. Naveed Ahmed Sherwani as Non-Executive Director of the Company

MosChip Technologies, a semiconductor and system design services and IP company, announced today that Dr. Naveed Ahmed Sherwani has been appointed as Non-Executive Director of the Company. The appointment was approved by the Board of Directors on 17th June, 2023, the brief profile of Mr. Naveed is as follows:

Dr. Sherwani has decades of experience in entrepreneurship, technical engineering and general management. Dr. Sherwani currently serves as Chairman, President and CEO of RapidSilicon, a leading FPGA company. In addition to serving on multiple boards and advisor to several companies.

Prior to this role, he served as chairman, president and CEO of SiFive, a leader in RISC-V. He also serves as chairman of several companies, including StarFive and LeapFive. In addition, he served as chair, RISC-V strategic alliances at RISC-V international.

Dr. Sherwani started his first company, when he was only 18 years old. He has founded and co-founded multiple companies.

Prior to joining SiFive, he founded PeerNova, a company focused on technology solutions Based on blockchain technology. Dr. Sherwani served as Chairman, President and CEO of PeerNova.

Prior to PeerNova, Dr. Sherwani co-founded Open-Silicon, a leading provider of ASIC solutions. Under his leadership, Open-Silicon designed over 300 ASICs. Prior to OpenSilicon, as the founder and General Manager of Intel Microelectronics Services, he pioneered Open methodology for ASICs. He also founded Brite Semi, a leading ASIC solution provider in China/APAC.

He has served on the boards of various companies, including Touchstone Semiconductor, and Integration associates (sold to Silicon Labs).

Dr. Sherwani worked at Intel for nearly a decade, where he co-architected the Intel microprocessor design methodology and design environment used in several microprocessors and received the prestigious Intel achievement Award in 1997.

Dr. Sherwani is a noted author having authored several books and over 100 articles on various aspects of VLSI Physical Design Automation and ASICs. Dr. Sherwani served as a Professor at Western Michigan University, where his research focused on ASICs, EDA, Combinatorics, graph algorithms and parallel computing. He received his Ph.D. from the University of Nebraska-Lincoln.

"Moschip has made significant progress in both Semiconductor and Embedded product development services and looking at expanding our foot print in turn-key ASIC and ASSP development. We are very excited to have Dr. Naveed Sherwani on our board as his trackrecord and knowledge will be a huge help in formulating our strategy and expansion" says, Moschip's M.D and CEO, Mr. Venkata Simhadri.

Shares of Moschip Technologies Ltd was last trading in BSE at Rs. 67.59 as compared to the previous close of Rs. 67.91. The total number of shares traded during the day was 148892 in over 884 trades.

The stock hit an intraday high of Rs. 68.24 and intraday low of 67.10. The net turnover during the day was Rs. 10058066.00.

Source : Equity Bulls

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MoschipTechnologies INE935B01025 Appointment NonExecutiveDirector