Sivers looks at possible EU or US photonics fab and partnerships
Sivers Photonics, a business unit of Sivers Semiconductors, is evaluating how to expand its capacity to meet volumes of more than 1000 wafers per week. To make this possible Sivers Semiconductors forms a strategic business development project, hires an Advisor, and makes changes in the Photonics Management.
For almost five years, Sivers Photonics have been working with very significant customers which are now getting closer to possible volume production. So far, these customers have spent more than USD 15 million in development to secure the path to volume production. For Sivers Photonics to reach volume production with one or several of these customers, the company needs to expand its capacity and production capabilities. Therefore, Sivers Semiconductors has formed a strategic project to look at a possible new fab site within EU or the US including strategic partnerships in the photonics space. Sivers has hired a new advisor to lead this project and the current Photonics MD William McLaughlin will join the project to capture what Sivers believes is a significant market opportunity. Dr. Andrew McKee, Chief Technology Officer and co-founder of Sivers Photonics will assume the role as interim Managing Director of Sivers Photonics.
The project will also look at possible funding alternatives including Chip Act funding that has been announced by both EU in the EU Chips EUR 43 billion to boost EU chip production within EU, as well as the US government with the CHIPS and Science Act including USD 39 billion for chip manufacturing on US soil.
“With the first order of approximately 30000 chips that will be delivered in this quarter we are now seeing a clearer path towards volume production”, said Anders Storm, Group CEO, Sivers Semiconductors.
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