Sivers Semiconductors AB has announced that they have got three new design wins with three new customers. Sivers Wireless has previously communicated 21 design wins where customers have existing agreements or have ongoing design and development activities integrating Sivers Wireless RFICs or RF Modules into their products. Now, the number of design wins is 24.
The first of these three design wins is with a European listed technology company with approx. 8 billion SEK ($900 Million) in yearly net sales, who will base their upcoming technology platform and service offering on Sivers Wireless 5G millimeter wave product, the TRX BF/02. This engagement may present future volume opportunities over time, but at this point, it is difficult to estimate volumes.
The second of these three design wins is with a smaller company in North American, which intends to use Sivers TRX BF/02 RFIC in a radar application for object detection. The TRX BF/02 has proven to be a truly multi-faceted tool that can be used in several applications, besides its standard use for communication. This engagement may present future volume opportunities over time, but at this point, it is uncertain to estimate volumes.
This new vertical opens up a new possible market and shows the capabilities of Sivers products, not known to the public before. The high level of integration together with the inherent flexibility of this product makes it possible to be used also in advanced radar applications, which could widen the addressable market for their wireless business.
The third design win is with a smaller Chinese wireless product company, which has purchased several RF Modules to be used in the first stage of their upcoming generation of products. Initially, they will be used in a 60 GHz private network deployment and after successful implementation, the products are assumed to be part of a wider deployment with network operators.
To break into this customer and get their 3rd design win in China is a big deal for Sivers Semiconductors’. They are in an early phase with this customer, which makes it not possible to give any predictions of business volume. But they see this as a great opportunity for substantial growth over time.