Sivers Semiconductors Expands Partnership with Thorium Space S.A.
The second-phase contract is valued at USD $2.9 Million and will drive the development of a next-gen satellite communications system. Kista, Sweden // Feb.1, 2024 // Sivers Semiconductors AB (STO: SIVE) today announced the expansion of its chipset agreement with Thorium Space. This USD 2.9 million (approx. 30 MSEK) second phase will focus on the advanced development and validation of the chipsets designed in the initial phase, further laying the groundwork for future large-scale manufacturing. The company anticipates recognizing revenue up to USD $2.1 million from this contract in the year