Sivers Semiconductors Gains 4.5% as Shareholders Weigh Auditor Switch and Options Plan

Sivers Semiconductors closed at EUR 2.91, up 4.5%, on a sector-wide chip rally. An October 22 EGM will weigh an auditor swap and a new options program.

European chip stocks closed the trading week on a firm note, and Sivers Semiconductors rode the wave. The Swedish company's shares finished Friday at EUR 2.91, a gain of 4.5%, as a sector-wide rally in artificial-intelligence-linked names lifted semiconductor suppliers across the continent.

The tailwind originated in the US, where Micron Technology's earlier advance reportedly sparked buying in Swedish chip equities. Sivers moved in step with that broader current rather than on any company-specific catalyst.

October 22 Meeting to Decide Auditor and Options Questions

Attention now shifts to governance matters that will come to a head at an extraordinary general meeting scheduled for October 22, 2026. Two items dominate the agenda. The first is a proposal to replace Deloitte AB with Ernst & Young AB as the company's auditor. The second is a new employee stock option program, designated P11, covering up to 7,280,000 options.

Auditor changes of this kind are common among growth-stage companies, often tied to shifting regulatory demands or strategic preparations in the capital markets. For Sivers, the vote arrives alongside a broader repositioning of its leadership.

Leadership Reshuffle Extends to Photonics and Retirement

Roughly a week ago the company announced a series of management appointments. Marc Pegulu took charge of the Wireless business as Managing Director, while Harish Krishnaswamy stepped into the Chief Strategy Officer role. In Photonics, David Clark is set to join as Vice President of Engineering on October 31. Andrew McKee, meanwhile, will retire at the end of the year following a transition period.

Since those organizational changes were disclosed, the stock has added 3.1%.

Short Interest and Valuation in Focus

Professional investors are watching closely as well. Records from Sweden's financial supervisory authority show that institutional investor AQR Capital Management holds a disclosable net short position exceeding 0.5% of Sivers Semiconductors.

With a market capitalization equivalent to EUR 938.64 million, the recent share price action reflects a blend of sector momentum in chips and the internal adjustments unfolding ahead of the shareholder meeting. Investors are weighing those operational steps against the near-term lift from the international semiconductor environment.