Sivers Semiconductors AB (“Sivers”; Nasdaq Stockholm: OM.SIVE) subsidiary Sivers Wireless has received another order in the lower thousands of units from its Tier-1 5G infrastructure customer for beamformer and up/downconverter chips that will be used in the next product prototype build by the customer. The order value in itself is not significant, but this order brings this project one step closer to final product ramp and volume orders.
This project has been ongoing with this customer since MixComm was acquired, and has had changes to designs and time plans over this period. The first prototype order was received in 2022, and based on the first product prototype build, the second version is planned for 2H 2023.
“It is challenging with new technology to get to market, and in this case, the customer has decided over time to make configuration changes to the final product that has nothing to do with Sivers. However, we are now very happy to see progress in this vital project which has the potential to be one of the 5G Wireless projects with larger revenues steams when it will be finalized by the customer," said Anders Storm, CEO of Sivers Semiconductors.
For more information please contact:
Anders Storm, Group CEO
Tel: +46 70 262 6390
E-mail: [email protected]
* A ”Tier-1 5G infrastructure vendor” is counted as one of the five major 5G infrastructure vendors in the world
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