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Sivers pauses discussions on spinning off Photonics subsidiary
What happened
Sivers Semiconductors has paused discussions with SPAC BYNO regarding a business combination for its Photonics subsidiary. This halts a planned spin-off of the unit focused on photonic lasers for AI data centers and RF ICs for SATCOM. Watch: The strategic uncertainty may affect Sivers' capital structure and focus, but no immediate supply or price impact is expected.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
RF Beamformer ICsPhotonic Lasers
Sivers Semiconductors ABSivers Photonics Ltd
spinoff-haltedstrategic-reviewuncertainty
Source and time
Source: Semiconductor Today · 11/13/2024 · View original source
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