Photonics

Sivers Semiconductors Teams With Strategic Customer

Retrieved on: 
Friday, March 15, 2024

KISTA, Sweden, March 15, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a leading supplier of integrated chips and modules for the most advanced communications and sensor solutions, today announced that its subsidiary Sivers Photonics has signed a product development agreement with an undisclosed company.

Key Points: 
  • Upon entering full production, the annual chip volume is anticipated by the customer to exceed several million units per annum beyond 2026.
  • This is a fantastic opportunity short term and is a mega opportunity for exceptional continued growth from 2026," said Anders Storm, Group CEO of Sivers Semiconductors.
  • Sivers Semiconductors AB (SIVE.ST) is a leader in SATCOM, 5G, 6G, Photonics, and Silicon Photonics that drives innovation in global communications and sensor technology.
  • With innovation at our core, Sivers Semiconductors is committed to delivering bespoke, high-performance solutions for a better-connected and safer world.

Sivers Semiconductors announces an expanded loan facility of SEK 50 million

Retrieved on: 
Monday, March 11, 2024

KISTA, Sweden, March 11, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), (the "Company"), a leading supplier of integrated chips and modules for the most advanced communications and sensor solutions, has, according to previous communication in connection with the 2023 fourth-quarter report, agreed to entered into a loan agreement with Formue Nord and partners extending the previous SEK 75 million facility. The new SEK 50 million loan facility includes a SEK 35 million convertible loan at a fixed conversion rate of 4.86 SEK, corresponding to 125% of the closing price for the Company's ordinary shares on Nasdaq Stockholm on 8 March 2023. The Company anticipates this financing, and its own cash flow will fully address funding for at least 2024, without the need for any further capital contributions from shareholders. 

Key Points: 
  • The new SEK 50 million loan facility includes a SEK 35 million convertible loan at a fixed conversion rate of 4.86 SEK, corresponding to 125% of the closing price for the Company's ordinary shares on Nasdaq Stockholm on 8 March 2023.
  • "With this new loan facility, we have now secured our funding base, providing us with the resources needed to meet market demands.
  • The directed convertible issue is a prerequisite for obtaining the SEK loan facility.
  • With innovation at our core, Sivers Semiconductors is committed to delivering bespoke, high-performance solutions for a better-connected and safer world.

The inaugural Asia Photonics Expo Grandly Opened in Singapore

Retrieved on: 
Thursday, March 7, 2024

SINGAPORE, Mar 7, 2024 - (ACN Newswire) - Organised by Informa Markets, the inaugural Asia Photonics Expo (APE), is successfully launched at Sands Expo and Convention Centre in Singapore on the opening day.

Key Points: 
  • SINGAPORE, Mar 7, 2024 - (ACN Newswire) - Organised by Informa Markets, the inaugural Asia Photonics Expo (APE), is successfully launched at Sands Expo and Convention Centre in Singapore on the opening day.
  • On behalf of the organiser, Mr. Sukumar Verma shared: "Asia Photonics Expo is reflective not only of the strength of the local industry, but also the interest from international markets to come explore partnership and investment opportunities in Singapore and the wider Southeast Asia region.
  • Echoing this, Prof Tjin Swee Chuan, Chairman, LUX Photonics Consortium said: "It is very heartening to have the first trade show for Photonics industry held in Singapore.
  • Adding on, Dr. Prof. Yuhong Bai, Director of Light: Science & Applications said: "The Asia Photonics Expo provides exhibition for worldwide optics and photonics enterprises, in particular showcasing the growth of Asian industry.

IonQ Achieves Critical First Step Towards Developing Future Quantum Networks

Retrieved on: 
Thursday, February 22, 2024

This major step towards quantum networking and photonic interconnects will play an integral part in helping IonQ deliver significantly higher computational power in next-generation systems.

Key Points: 
  • This major step towards quantum networking and photonic interconnects will play an integral part in helping IonQ deliver significantly higher computational power in next-generation systems.
  • “We are proud to share this first major step towards connecting quantum systems and developing IonQ’s first networked quantum computer,” said Pat Tang, Vice President, Research & Development at IonQ.
  • The work represents a crucial first step towards developing photonic interconnect protocols for quantum computing applications running across multiple quantum processing units (QPUs).
  • In contrast, quantum networks entangle cores to form a single, more powerful quantum computer capable of running complex algorithms.

Sivers Semiconductors showcasing the broadest mmWave portfolio on the market at Mobile World Congress 2024

Retrieved on: 
Friday, February 23, 2024

KISTA, Sweden, Feb. 23, 2024 /PRNewswire/ -- Sivers Semiconductors (STO: SIVE) will showcase its industry-leading mmWave portfolio of 5GmmWave, unlicensed 5G, and satellite communications (SATCOM) products at Mobile World Congress (MWC) 2024 in Barcelona from February 26th-29th.

Key Points: 
  • KISTA, Sweden, Feb. 23, 2024 /PRNewswire/ -- Sivers Semiconductors (STO: SIVE) will showcase its industry-leading mmWave portfolio of 5GmmWave, unlicensed 5G, and satellite communications (SATCOM) products at Mobile World Congress (MWC) 2024 in Barcelona from February 26th-29th.
  • Centerstage at the Sivers booth will be the company's range of mmWave products – the widest on the market – underpinned by cutting-edge silicon mmWave beamforming technology.
  • This unique solution is based on the Intel Agilex FPGA portfolio, Sivers RF and antenna technology, and full-stack software developed by WiSig.
  • With innovation at our core, Sivers Semiconductors is committed to delivering bespoke, high-performance solutions for a better-connected and safer world.

Dr. Bami Bastani is nominated as the Chairman of the Board of Directors of Sivers Semiconductors AB and is appointed Executive Chairman of Sivers Semiconductors Inc.

Retrieved on: 
Monday, February 12, 2024

KISTA, Sweden, Feb. 12, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE) today announced that its subsidiary, Sivers Semiconductors Inc., has appointed Dr. Bami Bastani as US Executive Chairman and has been nominated as the Chairman of the Board of Directors of Sivers Semiconductors AB.

Key Points: 
  • KISTA, Sweden, Feb. 12, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE) today announced that its subsidiary, Sivers Semiconductors Inc., has appointed Dr. Bami Bastani as US Executive Chairman and has been nominated as the Chairman of the Board of Directors of Sivers Semiconductors AB.
  • Dr. Bastani joined Sivers' team as Strategic Advisor to the Board and the Management team in August 2023.
  • Prior to GlobalFoundries, Dr. Bastani held President, CEO, and Board member positions at Meru Networks, Trident Microsystems, and ANADIGICS.
  • The Nomination Committee sees Bami Bastani as an important resource in leading the Board of Directors as the Chairman.

With More Than 24,000 Registered, SPIE Photonics West 2024 Showcased a Robust and Expanding Industry

Retrieved on: 
Thursday, February 8, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240208158413/en/
    SPIE Photonics West 2024 hosted an enthusiastic crowd of optics and photonics professionals at San Francisco's Moscone Center.
  • (Photo: Business Wire)
    “Photonics West heralds the beginning of the optics and photonics calendar each year for good reason,” said SPIE CEO Kent Rochford.
  • “The invigorating energy and high levels of enthusiasm throughout the Moscone Center characterized a truly exciting week.
  • SPIE Photonics West 2025 will take place 25-30 January at the Moscone Center in San Francisco.

Sivers Semiconductors Reports Record Fourth-Quarter and Fiscal-Year 2023 Results

Retrieved on: 
Thursday, February 8, 2024

KISTA, Sweden, Feb. 8, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE)

Key Points: 
  • December 6 - Sivers Photonics, LioniX International, and Chilas B.V. partner to develop narrow-linewidth tunable laser technology for optical communications and optical sensing markets.
  • 1 February - Sivers Semiconductors Expands Partnership with Thorium Space S.A.
    An online presentation of the Year-End Report will be held at 10:00 AM (CET) on Thursday February 8, 2024.
  • The fourth quarter was also a record quarter for the company with sales of SEK 74 million, corresponding to growth of 48 percent.
  • This disclosure contains information that Sivers Semiconductors is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014).

Sivers Semiconductors Expands Partnership with Thorium Space S.A.

Retrieved on: 
Thursday, February 1, 2024

KISTA, Sweden, Feb. 1, 2024 /PRNewswire/ -- 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 2024.

Key Points: 
  • KISTA, Sweden, Feb. 1, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE) today announced the expansion of its chipset agreement with Thorium Space.
  • This new contract represents the continuing and deepening partnership between Sivers Wireless, a business unit of Sivers Semiconductors, and the Polish satellite communication systems pioneer.
  • This technology significantly reduces the size, weight, and space needed for satellite transceivers, which are crucial for space missions.
  • "Our continued joint development with Thorium Space marks a significant step in advancing geostationary telecommunications satellites," stated Anders Storm, Group CEO of Sivers Semiconductors.

Sivers Semiconductors granted €0.6 million grant from European Space Agency

Retrieved on: 
Tuesday, January 30, 2024

KISTA, Sweden, Jan. 30, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO:SIVE) today announced that its business unit, Sivers Wireless, has been granted €0.6 million (approx.

Key Points: 
  • KISTA, Sweden, Jan. 30, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO:SIVE) today announced that its business unit, Sivers Wireless, has been granted €0.6 million (approx.
  • 6.7 MSEK) from the European Space Agency (ESA).
  • Sivers Wireless will be responsible for the design of a Q-/V-band direct quadrature demodulator chip for space applications.
  • For more information please contact:
    Disclaimer: The view expressed herein can in no way be taken to reflect the official opinion of the European Space Agency.