Sivers Semis receives $5M order
European SATCOM customer orders beamforming integrated circuits
Sivers Semiconductors AB has received a $5M volume production order from its leading European SATCOM customer. The production order is for beamforming integrated circuits (BFIC) which will be delivered during the fourth quarter 2023 and first quarter 2024. Most of the income will be revenue recognised during the same period.
The BFICs are now in full volume production and this is the second production volume order received by Sivers. The previous order of approximately $1.5M was announced on October 21st, 2022, and marked the start of the customer’s production ramp.
“This is a very significant event for Sivers, and it marks the start of increased product sales to this customer. It is exciting to see this longstanding strategic partner of ours ramp even further into volume production. It is a testament to both our BFIC technology, as well as our partner’s novel SATCOM terminal concepts and customer traction. This order will cover this customer’s needs until early 2024, and we are looking forward to even larger orders for the rest 2024 and beyond," said Anders Storm, CEO of Sivers Semiconductors.
These BFIC were developed under the strategic partnership contract won by MixComm in Q4 2020 (now part of Sivers Wireless).