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Sivers Semiconductors receives 5G volume order

Sivers Semiconductors receives 5G volume order

Business news |
By Jean-Pierre Joosting



Sivers Semiconductors AB has announced that the Lithuanian hi-tech company 8devices has placed an order for unlicensed 5G RF modules. The total order value amounts to $ 2.1 million dollars and will be delivered in 2022 starting in the first quarter of 2022. This order is designated for one of 8Device’s customers. The customer has the right, within some limitations and early warnings, to cancel or move parts of the order at no charge. The company estimates that the recognized revenue for 2022 will amount to approximately $1.5 million dollars.

“It is very nice to start of 2022 with the largest 5G volume order we have received in the company’s history. The pandemic has had a negative effect on our business for about two years, hence it is extra exciting that we now can start delivering volumes with our 5G products to 8Devices and their customers”, says  Anders Storm Group CEO Sivers Semiconductors.

On October 14, 2021, Sivers Semiconductors entered into an agreement to acquire 100 per cent of the share capital of MixComm Inc., a US-based mmWave challenger and fabless semiconductor company. Completion is expected to take place in Q1 2022 subject to the fulfilment of these conditions.

Sivers Semiconductors AB also recently announced that its future subsidiary MixComm has signed a Memorandum of Understanding (MoU) with the South Korean venture company Kreemo to develop the world’s first 5G module optimized for metaverse.

The antenna module combines Mixcomm’s ultra-high frequency integrated circuit technology and Kreemo’s 360-degree antenna technology for use in various fields such as augmented reality (AR), games and data devices, where high-quality antennas that transmit and receive high-frequency data and signals are essential to enable a smooth hyper-connected and ultra-realistic 5G content experience.

www.sivers-semiconductors.com

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