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sivers SEMICONDUCTORS Sivers Semiconductors to acquire MixComm , a US mmWave challenger ● Combination will create a global leader in the fast - growing semiconductor market for 5G mmWave . • Combined entity will accelerate Sivers ' growth and expand its footprint in key , full spectrum mm Wave use cases . ● Press Release Kista , 14 October , 2021 Stock and cash deal values MixComm at USD 135-155 million ( approximately SEK 1,173 1,347 million ) . Sivers Semiconductors AB ( " Sivers " ; Nasdaq Stockholm : OM.SIVE ) has today entered into an agreement to acquire 100 per cent of the share capital of MixComm Inc. ( " MixComm " ) , a US - based mmWave challenger fabless semiconductor company , for an initial purchase price of USD 135m ( approximately SEK 1,173 million ) on a debt - free basis . The consideration will be paid through a combination of USD 22.5 million ( SEK 196 million ) in cash and USD 112.5 million ( approximately SEK 978 million ) in 39,335,664 newly issued Sivers shares based on the 10 - day volume weighted average price of a Sivers share prior to signing of the agreement . In addition , there is a performance - based earn - out of up to USD 20 million ( SEK 174 million ) to be paid in new Sivers shares based on the same share exchange ratio , tied to the achievement of certain commercial customer milestones within nine months from signing . Following this announcement , Sivers intends to effect a directed share issue to fund the cash consideration , transaction fees and expenses , and the ongoing working capital needs of the combined business . Following completion , the enlarged Sivers group will be a global leader in 5G mmWave semiconductors , with strong capabilities and a broad joint IP portfolio of RFIC / BFIC ( radio frequency / beam forming integrated circuits ) chipsets in a wide variety of mm Wave semiconductor technologies , including SiGe ( Silicon Germanium ) and RF - SOI ( RF silicon - on - insulator ) . This IP portfolio will cover a broad spectrum of possible mmWave use cases such as unlicensed 5G , licensed 5G infrastructure , fixed wireless access ( FWA ) customer premises equipment ( CPE ) and satellite communications ( SATCOM ) , with industry leading performance . The acquisition also enables the combined businesses to bring MixComm's industry - first Antenna - in - Package technology to all mm Wave applications . Through this combination , Sivers will increase its total number of design wins by approximately 70 per cent to 44 , as well as double the number of design wins expected to enter volume production within the next 12 months , from eight to 16. MixComm currently has 18 design wins , including with a major Tier 1 5G infrastructure customer , and a significant pipeline of potential new customer opportunities . MixComm has approximately 20 patents currently filed , granted or exclusively licensed and reported USD 1.3 million in revenue in H1 2021 with a strong sales pipeline for the coming year . MixComm estimates that its top three customers could generate approximately USD 70 million in aggregate revenue for 2022-2024 , and an incremental USD 70 million in revenue from the Tier 1 customer in the 2025-2026 time period . The acquisition is expected to drive synergies across both revenue and product development through the significant level of commercial and technical complementarity , as well as the broader geographic coverage . Sivers Semiconductors AB ( publ ) Torshamnsgatan 48 SE - 164 40 Kista Tel : +46 ( 0 ) 8 703 68 00 info@sivers-semiconductors.com www.sivers-semiconductors.com