MixComm

Sivers Semiconductors AB has completed the acquisition of MixComm Inc. for $22.5 million in cash and stock, strengthening its position in 5G, SATCOM and Radar markets. The deal includes a potential earn-out of up to 6,993,007 additional shares based on customer milestones.

MixComm, a future subsidiary of Sivers Semiconductors, signed an MoU with South Korean venture Kreemo to develop a 5G module optimized for metaverse applications.

Sivers Semiconductors AB agreed to acquire 100% of MixComm Inc., a US mmWave fabless semiconductor company, for an initial purchase price of $135M plus up to $20M earn-out, paid in cash and shares.