Brief: Sivers Semiconductors Unit Signs Product Development Deal

Sivers Semiconductors AB

15/03/2024 07:03

March 15 (Reuters) - Sivers Semiconductors AB
 SIVEH.ST :
    * SIVERS SEMICONDUCTORS TEAMS WITH STRATEGIC CUSTOMER
    * SUBSIDIARY SIVERS PHOTONICS HAS SIGNED A PRODUCT
DEVELOPMENT
AGREEMENT WITH AN UNDISCLOSED COMPANY.
    * INITIAL CONTRACT VALUED AT USD $1.3 MILLION FOR DELIVERING
PROTOTYPES IN 2024
    * AGREEMENT IS EXPECTED TO GROW RAPIDLY DURING 2025, BEFORE
MOVING
TO VOLUME MANUFACTURING
    * UPON ENTERING FULL PRODUCTION, ANNUAL CHIP VOLUME IS
ANTICIPATED
BY CUSTOMER TO EXCEED SEVERAL MILLION UNITS PER ANNUM BEYOND
2026.

Source text for Eikon:  ID:nWkr49XHff 
Further company coverage:  SIVEH.ST 

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