Sivers Semiconductors signs $16.4 million strategic development agreement with European satellite communications company
Sivers Semiconductors AB (“Sivers”) today announces that its business unit, Sivers Wireless, has signed a strategic development agreement worth $16.4 million (approx. 170 MSEK) with a European satellite communications company to develop several chipsets for satellite communication ground terminals. Sivers has already received purchase orders of approx. 16.1 MSEK for development work to this project from August to November 2022 (whereof 7.5 MSEK was announced on 27[th] of September).The agreement includes the development of multiple chips, forming the core of the customer’s next generation