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Sivers Semiconductors: Comment on USD5.4m chip development agreement - Redeye

Redeye comments on Sivers Semiconductors’ announcement of a new USD5.4m chip development agreement, a positive indication that the customer’s plans are advancing as expected. Notably, the upfront payment of up to USD2.3m bolsters Sivers’ financing position. Redeye will revisit its estimates regarding cash position and potential funding for the company following the Q4 report on 7 February.

Redeye comments on Sivers Semiconductors’ announcement of a new USD5.4m chip development agreement, a positive indication that the customer’s plans are advancing as expected. Notably, the upfront payment of up to USD2.3m bolsters Sivers’ financing position. Redeye will revisit its estimates regarding cash position and potential funding for the company following the Q4 report on 7 February.
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