#Norway #Nanopower Semiconductor #Svein-Egil Nielsen #nPZero technology #Kristiansand

Nanopower Appoints Svein-Egil Nielsen as Board Chair

In an exciting development for the semiconductor industry, Nanopower Semiconductor AS has recently announced the appointment of Svein-Egil Nielsen, the former Chief Technology Officer (CTO) of Nordic Semiconductor, as the new chair of its board of directors. This strategic move is expected to bolster the company's growth trajectory, specifically in advancing its innovative product line and expanding its global footprint.

Transitioning Leadership for Enhanced Innovation

Svein-Egil Nielsen brings nearly two decades of experience from Nordic Semiconductor, where he played a pivotal role in propelling the company to a leader in the global market. During his 11 years as the CTO, he was instrumental in driving Nordic's annual sales to exceed $500 million, thanks to a diverse portfolio of cutting-edge products.

“I am really excited to join Nanopower because I can see the combination of a unique product and a talented team all pulling in the same direction,” Nielsen expressed following his appointment. He sees immense potential in Nanopower's nPZero technology—a revolutionary power-saving integrated circuit (IC) designed to cut power consumption in battery-operated applications by up to 90%.

Ambitious Plans Ahead

With Nielsen at the helm, Nanopower aims to accelerate the commercialization of its flagship product, the nPZero IC. The company is set to supply product samples to clients this quarter while also accepting orders for its evaluation boards, indicating a momentum that could lead to critical partnerships and heightened market interest.

Tore Irgens Kuhnle, CEO of Nanopower, shared his enthusiasm for the new leadership, stating, “We are thrilled to welcome Nielsen as the new Chair of our Board of Directors. His extensive track record and deep expertise in the semiconductor industry make him an invaluable addition to our team. With his leadership, we are poised to accelerate both our commercial success and product innovation.”

Looking Back and Moving Forward

Odd Harald Hauge, the founder and outgoing chairman, expressed his confidence in Nielsen, saying, “Svein-Egil Nielsen brings exactly the right competence and a clear sense of mission about the difference that Nanopower can make to the world.” Hauge will remain involved with the company, continuing his contributions to the board.

Nanopower, established in 2017, has proven its technological advancements over the years. The development of the nPZero IC began in earnest in 2019, and prototypes demonstrating the product’s capabilities were successfully produced by 2021. With the first samples shipping to customers slated for 2025, Nanopower is well on its way to solidifying its standing in the semiconductor market.

As the company sets to expand its operations, it has established a presence in both Norway and Portugal, illustrating its commitment to international growth. This dual-office strategy enhances Nanopower's ability to cater to a broader customer base and keeps its innovation pipeline well-fed.

This appointment represents more than just a leadership change; it signals Nanopower's ambitions to become a critical player in the semiconductor landscape. Under Nielsen's guidance, the company aims not only to enhance its product offerings but also to redefine the standards in energy efficiency, meeting the growing demand for sustainable and efficient technology solutions.

As the global semiconductor sector faces various challenges, from supply chain complexities to intense competition, organizations that can innovate rapidly and effectively—like Nanopower with its nPZero technology—will undoubtedly stand out.

In conclusion, Nielsen's role at Nanopower is set to play a significant part in shaping the future of the company. His adept leadership and industry expertise will play a crucial role as Nanopower embarks on the next phase of its journey, ensuring it remains on the cutting edge of semiconductor advancements.