Sivers Semiconductors Taps Veteran Talent to Shepherd Glasgow Fab Into Mass Production
Published on 09/26/2026 at 15:01 | Editorial boerse-global.de
Sivers Semiconductors has moved to strengthen its executive bench ahead of an expected surge in commercial activity, naming new leaders for both of its operating divisions. The Swedish chipmaker disclosed the appointments on Thursday, casting them as groundwork for the operational scale-up and broader commercialization of its technology portfolio. No new orders or revised financial targets accompanied the announcement.
Wireless and Photonics Get New Hands at the Wheel
Marc Pegulu will take charge of the Wireless division as Managing Director on September 28, 2026, bringing more than 25 years of experience in profitably scaling product businesses across RF, wireless and mixed-signal technologies. He succeeds Harish Krishnaswamy, who steps into the newly shaped role of Chief Strategy Officer to oversee corporate strategy at the group level. Krishnaswamy co-founded MixComm, the specialist Sivers acquired in 2021.
Over in the Photonics unit, David Clark joins on October 31, 2026 as VP of Engineering. Clark carries a similar depth of experience — over a quarter-century spanning photonics, semiconductor packaging, development leadership and product marketing. He takes the engineering reins from Andrew McKee, the unit's CTO and a co-founder of CST Global, which Sivers bought in 2017. McKee is retiring but will stay on through the end of 2026 to smooth the handover.
According to the company, the reshuffle is designed to lock in the next phase of commercial growth and to firm up the organizational structures needed for future volume manufacturing.
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Glasgow Expansion Sets the Stage
The leadership changes arrive on the heels of several operational moves made in recent weeks and months. Roughly two weeks ago, Sivers unveiled a $30m strategic investment to expand its indium phosphide (InP) fabrication site in Glasgow, Scotland. That buildout positions the company for production runs serving customers in optical networks and AI data centers. The expansion program is slated to kick off in the second half of 2026 and reach operational readiness in the fourth quarter of 2027, lifting annual capacity beyond 100 million CW-DFB lasers.
Both divisions now stand at pivotal junctures, translating development projects into larger manufacturing volumes — a transition the incoming managers are expected to steer with their industry track records.
Market Takes the News in Stride
Trading was subdued as the week closed. The stock finished Friday at EUR 2.92, a modest daily decline of 1.0 percent. The muted session does little to dim the longer arc: since the start of the year, the shares have climbed 652 percent, a run that reflects lofty expectations for the expansion plans.
Whether the reconfigured leadership team can convert those advance accolades into tangible commercial wins will be judged against production milestones over the coming quarters.
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