Sivers Semiconductors receives $2.1m 5G volume order from 8Devices
Sivers Semiconductors AB today 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.
For more information please contact:
Anders Storm, Group CEO
Tel: +46 70 262 6390
E-mail: anders.storm@sivers-semiconductors.com
This disclosure contains information that Sivers Semiconductors is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the contact person set out, on 03-01-2022 08:00 CET.
Sivers Semiconductors AB is a leading and internationally recognized technology company that, through its two business areas Wireless and Photonics, supplies chips and integrated modules. Wireless develops RF chips and antennas for advanced 5G systems for data and telecommunications networks. Photonics develops and manufactures semiconductor-based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi). The company is listed on Nasdaq Stockholm under SIVE. The head office is located in Kista, Sweden. For more information contact: www.sivers-semiconductors.com
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