Sivers Semiconductors AB (“Sivers”) today announces that its business unit, Sivers Wireless, has received purchase orders for engineering activities (750 kUSD) and acceleration fees (150 kUSD) to speed up manufacturing of beamformer ICs at a total value of 900 kUSD (approximately 10 MSEK*).
The engineering activities have started for this new project. The acceleration fee purchase order is a consequence of an ongoing development contract from MixComm, a company acquired by Sivers and now integrated in Sivers Wireless. The first generation beamformer ICs have been developed during the last two years and the purchase order is the first step towards volume production.
“I am truly happy to see the benefits of the Mixcomm acquisition materialize in this way. We are committed to continue to develop this customer relationship into a mutually beneficial strategic partnership”, said Anders Storm, Group CEO of Sivers Semiconductors.
The market for this new type of ground-based terminals is expected to grow substantially the coming 7 years and is estimated to offer at total addressable market for Sivers’ type of chipsets of 5 billion USD (50 billion SEK*) during the period 2023-2028**
*Estimate based on recent exchange rate
** NSR Report “Flat Panel Satellite Antenna Analysis, 6th Edition”
For more information please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
E-mail: [email protected]
This disclosure contains information that Sivers Semiconductors is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the contact person set out, on 27-09-2022 15:00 CET.
Sivers Semiconductors AB is a leading and internationally recognized technology company that supplies ICs and integrated modules through its two business areas Wireless and Photonics. Wireless develops mmWave products for advanced 5G systems for data and telecommunications networks and satellite communication. The portfolio includes RF transceivers, beamforming front end ICs, integrated mmwave antennas, repeaters, and software algorithms for optimum mmWave RF performance. Photonics develops and manufactures semiconductor based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi). The company is listed on Nasdaq Stockholm under SIVE. The head office is located in Kista, Sweden. For more information: http://www.sivers-semiconductors.com