Sivers Semiconductors granted €1.2 million EU grant for design of 6G chip

Sivers Semiconductors AB (publ) (“Sivers”) today announces that its business unit, Sivers Wireless, has been granted €1.2 million (approx. 14 MSEK) EU Grant from HORIZON Europe as part of a larger consortium, to design millimeter Wave (mmWave) building blocks for next-generation 6G technology. The grant will cover 90% of Sivers funding for the 6G project and run for 3.5 years, 50% of the funding will be paid out before year end by EU.