KRISTIANSAND, NORWAY, Feb 7, 2025 – Nanopower Semiconductor AS has appointed ex-Nordic Semiconductor chief technology officer (CTO) Svein-Egil Nielsen as the chair of its board of directors. Nanopower is a Norwegian fabless semiconductor manufacturer of the nPZero power-saving IC that reduces the power consumption of battery-powered applications by up to 90%.
Nanopower CEO Tore Irgens Kuhnle said: ‘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. With his leadership, we are poised to accelerate both our commercial success and product innovation.’
Svein-Egil Nielsen spent almost 20 years at Nordic Semiconductor, including 11 years as CTO after having also been the Sales & Marketing Director. Nielsen played a key role in Nordic’s development into a top global company, generating over $500 million in annual sales, offering a wide range of products.
Nielsen said: “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.”
The appointment signifies Nanopower’s ambition to expand globally as it commences production of its nPZero power-saving integrated circuit. Nanopower is set to start supplying samples of nPZero to customers this quarter and is accepting orders for its nPZero evaluation board.
Founder and departing chairman, Odd Harald Hauge, is satisfied with being succeeded by Nielsen: “Svein-Egil Nielsen brings exactly the right competence and a clear sense of mission about the difference that Nanopower can make to the world.” Odd Harald Hauge will continue on the board of Nanopower.
Svein-Egil Nielsen’s appointment as non-executive chair of the board is effective immediately.
About Nanopower
Nanopower Semiconductor AS, founded in 2017, is a fabless semiconductor company headquartered in Kristiansand, Norway, with additional operations in Porto, Portugal. The company specializes in ultra-low-power integrated circuits (ICs) designed to significantly reduce energy consumption in battery-powered devices. Their proprietary nPZero technology enables devices to operate in the nanoampere range during periods without wireless communication, thereby extending battery life. Nanopower serves industries such as the Internet of Things (IoT), industrial automation, and sensor networks, focusing on sustainable and scalable electronic solutions. Nanopower secured a grant of approximately $2.68 million in June 2023 to further its development efforts.
Source: Nanopower