CLARIFICATION regarding earlier press release “Sivers Semiconductors signs $16.4 million strategic development agreement with European satellite communications company”
Sivers Semiconductors AB (“Sivers”) issues a clarification of the press release “Sivers Semiconductors signs $16.4 million strategic development agreement with European satellite communications company”, published on Friday December 2, 2022, at 18:00 CEST.Sivers now wants to make the following clarification: Sivers estimates that up to 75 percent of the agreement will be revenue-recognized from the fourth quarter of 2022 through the end of 2023. In addition, Sivers expects that the number of chips from Sivers to this customer will increase between the current generation and the next