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Sivers to spin off Photonics subsidiary as NASDAQ-traded firm with Silicon Valley HQ

What happened

Sivers Semiconductors plans to spin off its photonics subsidiary via a merger with a SPAC, aiming for a Nasdaq listing. This move seeks to unlock value and provide dedicated funding for the photonics unit's growth in communications and sensing markets. Watch: The separation could alter the competitive landscape and investment focus for Sivers' components, but has no immediate direct impact on supply or pricing.

Impact and signal

Medium impactImpact score: 45/100

Affected components and suppliers

PhotonicsOptical ICs
Sivers Semiconductors ABSivers Photonics Ltd
spaccorporate-restructuringipo

Source and time

Source: Semiconductor Today · 8/7/2024 · View original source

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