Sivers Semiconductors receives orders totaling SEK 7 million
Sivers Semiconductors AB today announces that the company has received two volumes orders totaling SEK 7 million. The orders are for RFICs to be used for licensed and unlicensed 5G products. The RFICs will be delivered during Q1 and Q2 2021.
“It is very encouraging to see that we are now receiving volumes orders from the North American market. These orders will be delivered in the first half of 2021 and are just the first of many orders that we expect to ship to these customers going forward. Furthermore, we expect several customers to start real rollouts this year, and that we will see an acceleration when more customers enter the volume stage.”, said Anders Storm, Group CEO of Sivers Semiconductors.
Sivers Wireless has previously communicated 24 design wins for licensed and unlicensed 5G products, where customers have existing agreements or ongoing design and development activities with Sivers’ products. Both orders come from North American customers that have been listed as design wins.
According to Markets and Markets report “5G Fixed Wireless Access Market”, the overall 5G fixed wireless access system market (note: the full system market, not RFIC market) was valued at USD 503 million in 2020 and is projected to reach USD 86,669 million by 2026, implying a CAGR of 136 percent from 2020 to 2026. (https://www.marketsandmarkets.com/Market-Reports/5g-fixed-wireless-access-market-41266711.html)
For more information please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
Sivers Semiconductors is listed on Nasdaq First North Growth Market in Stockholm.
The company's Certified Adviser is Erik Penser Bank, +46 8 463 83 00, firstname.lastname@example.org.
This is information that Sivers Semiconductors AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above at 18:15 (CET) on March 30, 2021.
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 First North Growth Market Stockholm under SIE. The head office is located in Kista, Sweden. For more information: http://sivers-semiconductors.com.