Sivers extends partnership with SATCOM customer
$4.73 million deal to develop a next-generation ground terminal beamformer chipset
Sivers Semiconductors has announced that its subsidiary Sivers Wireless has signed a third product development agreement with a leading European satellite company.
This new contract, valued at $4,73 million, covers the development of next-generation production-ready beamformer chipsets during 2024 and 2025. The agreement is expected to move to volume manufacturing in Q4 2025. These beamformers are advanced versions, with new features and capabilities, of the existing beamformers that were originally developed for this customer as a part of the first development agreement signed in Dec 2020 and are in mass production today.
The other, i.e. second, ongoing development project, involving multiple other chipsets that supplement the beamformers, and signed in December 2022 at a contract value of $16.4 million, has expanded by approximately $2 million over the last year.
The various chipsets are expected to complete development at different points in the coming 18 months, an extension of around a year over the original schedule due to re-prioritisation of one of the chipsets, with $7.4M of development revenue left to recognise over that period, and then ramp to volume production.
“Deepening our strategic partnership with this customer is a testament to our mission to shape the future of connectivity worldwide. This new project is yet another opportunity to develop even more SATCOM products, reaffirming our position in the heart of innovation,” said Anders Storm, Group CEO of Sivers Semiconductors.
