mcleeren

Mimmis Cleeren, CEO & Executive Marketing Consultant, SUNMICO. Tech & IT industry experience, 5G, Cloud, IoT, digitalization, mobile, telecom, dev ecosystems.

[Anders Storm @StormDirac]

Hej Sven synd att du inte fårr svar. Skall försöka summera några saker som jag ser som helt nytt.

1. Sivers is being integrated directly into GF's SCALE platform. GF only introduced SCALE publicly about a month ago. Until now, GF had announced the platform itself, but not a laser partner embedded into that ecosystem. The release states that Sivers' laser arrays will be available in GF's SCALE™ (Silicon Photonics Co-packaged Advanced Light Engine) platform and reference designs. Being picked as GF reference design vs Lumentum/SmartPhontics is strong statement and validation of Sivers as Laser supplier into the AI ecosystem. That means Sivers is no longer just supplying components into the market generally; it is becoming part of GF's preferred silicon photonics architecture.

2. Expansion beyond CPO into LPO and broader optical connectivity like Pluggables with a large TAM that is closer to ramp (1.6T. Pluggables). Earlier Sivers announcements focused heavily on External Light Sources (ELS) for CPO deployments. This release explicitly says the collaboration supports: a) Co-Packaged Optics (CPO) b) Linear Pluggable Optics (LPO), c) Other emerging datacenter interconnect architectures. This broadens the addressable market materially beyond the ELS/CPO discussed previously.

3. The first full foundry-level endorsement of Sivers' laser technology. All other communications with GF had been in group of companies or partnerships with Ayar Labs, or Wireless. Now adding foundry-level endorsement to previous announcements, with system and module partners such as O-Net, Enablence and Jabil. This is different because GF is one of the world's leading silicon photonics foundries. Having GF publicly state that it is pairing Sivers laser arrays with its silicon photonics and SCALE platforms is a stronger ecosystem validation than a group of partners on list or module-level partnership.

4. A big signal that Sivers is positioning for hyperscaler qualification for Pluggables via GF like they done for Jabil. If GF succeeds in becoming one of the major SiPh platforms for 1.6T or 3.2T Pluggables, then Sivers potentially gains visibility to: NVIDIA ecosystem suppliers, Broadcom ecosystem suppliers, AMD ecosystem suppliers, hyperscaler custom-AI programs.

[Sivers-Semiconductors @SiversSemicond]

We're excited to announce a strategic collaboration with @GlobalFoundries to develop advanced silicon photonics solutions for the rapidly growing AI infrastructure market.

Our laser arrays will support next-generation optical connectivity architectures, including CPO, LPO, and other emerging data center interconnect solutions, while complementing GlobalFoundries' silicon photonics platform and SCALE™ optical engine offerings targeting a projected $25 billion pluggable optics market by 2030.

For full details, visit: https://t.co/rDAFqiG85m

[Anders Storm @StormDirac]

Breaking news! 💥

Sivers $SIVE & GlobalFoundries $GFS Advance AI Data Center Optical Solutions

Tue, Jun 02, 2026 07:00 CET

Sivers’ laser arrays to support GlobalFoundries’ silicon photonics platform and SCALE™ optical engine solutions targeting a $25B Pluggable Optics market by 2030

Kista, Sweden – June 2, 2026 – Sivers Semiconductors AB (STO:SIVE), a global leader in photonics and wireless technologies, today announced a strategic collaboration with GlobalFoundries (Nasdaq: GFS) (GF), to develop advanced silicon photonics solutions for the high-growth AI infrastructure market.

Sivers Semiconductors’ laser arrays will be integrated into reference designs built on GF’s silicon photonics platform. The collaboration supports a range of optical connectivity architectures, including co-packaged optics (CPO), linear pluggable optics (LPO), and other emerging data center interconnect solutions. Sivers’ laser arrays will also be available in GF’s Silicon Photonics Co-packaged Advanced Light Engine (SCALE™) platform for next-generation optical sub-assemblies and light engine architectures. GF’s SCALE CPO solution combines integrated photonic devices, coarse and dense wavelength-division multiplexing (CWDM, DWDM) and advanced packaging enablement to improve bandwidth density and system scalability.

https://t.co/xyns9R2hAJ

[Ren @Ren_aramb]

$SIVE Q1 earnings are out, this is exactly the news I was expecting from past financials and future growth.

I have been saying this for weeks. The bears are going to sell the headline. Do not be the bear.

The financials only give us a glimpse of the past.
Revenue down 22% YoY. EBITDA burning. Low on Cash at 26.6M SEK.
The stock will get hit by people who read the first line and stop.

I expected exactly this. And I am still holding every share.

The revenue miss is not a business problem. It is a timing problem.

US government shutdown delayed defense budget approvals. That revenue did not disappear, it got pushed to H2 2026. FX headwinds from a stronger SEK against USD and GBP took another chunk on top.

The underlying demand is completely intact.

Now here is the number that actually matters.

Pipeline grew 77% year to date to $799 million. On a company doing roughly 250M SEK in annual revenue. $799 million in qualified pipeline. That gap between the P&L and the pipeline is the entire thesis.

The CEO said it himself: record pipeline growth and several volume productions confirmed through 2027, driven by enormous interest in wireless beamformers and InP lasers.

We got confirmation of what we already k
Inferred:

SIVE is developing a 1.6T LRO pluggable transceiver with Jabil for AI datacenters. Jabil serves hyperscalers at a scale most companies never touch. 800G is already dominating datacenter shipments and 1.6T is the next wave. Being Jabil's laser partner for that transition is a real design win.

Goldman Sachs put the CPO TAM at $91B by 2028.

O-Net and Enablence locked in Q1. Both deep in the CPO supply chain. The right ecosystem relationships are being built right now, before the ramp.

LiDAR production confirmed for Q4 2026. Automotive first, then industrial LiDAR and autonomous robots. Two monetization verticals from one platform.

York Space acquisition. York Space ties directly into the US Space Development Agency. Production orders described as imminent. This takes Sivers Wireless from component supplier to vertically integrated SATCOM player overnight.

Tachyon Networks expanding from 28GHz to 60GHz FWA with SIVE. A Tier-1 telecom vendor launching first products by end of 2026.

US Chips Act EW Star renewal confirmed. Microelectronics Commons Year 2 funding secured. The defense revenue that was delayed is de-risked.

Post-period they raised roughly SEK 125M via directed share issue. The cash concern is addressed. Board restructuring with new nominees explicitly framed as preparation for a Nasdaq NY dual listing.

So you have confirmed:

Jabil.
O-Net.
Tachyon.
Enablence.
York Space.
LiDAR ramp.
Defense recovery.
Nasdaq NY dual listing.

Plus those that can be inferred via supply chain mapping:

$MRVL
$APPL

All pointing at the same 12-18 month window.

Q1 numbers are the price you pay for early positioning.

The pipeline and partnerships are the reason you hold.

I’m counting on Sweden sells, America buy to scoop some juice shares at a discount.

They will sell the financials, we will buy the chock-point into the future.

Not financial advice.

In long $SIVE

[Paradis Labs @ParadisLabs]

$SIVE Q1 Earnings:

Revenue: $6.7M (-22% YoY)
EBITDA: -$1.5M
EPS: $0.32 (-25%)
Pipeline: +77% - KEY NUMBER

Ignore the financials - losses are from expanding sales team to support the pipeline + preparations for U.S. listing.

Upcoming exponential CPO TAM expansion to $91B (Goldman Sachs) is $SIVE's major growth driver for 1.6T+ pluggables.

Where they sit alongside $LITE, $COHR, $MTSI as critical laser suppliers for hyperscaler architectures.

All of this has been confirmed by the CEO:

"Record pipeline growth and several volume productions until 2027"

Driven by "enormous interest in our standard products for wireless beamformers and InP lasers"

E.g. $SIVE's partnership w/ $JBL for 1.6T transceivers is pure validation of the tech. Jabil are huge.

And they have other notable customers via @aleabitoreddit supply chain mapping e.g. $AAPL / $MRVL.

With the pipeline expanding significantly and "additional customer prospects in
pluggables"

Overall very bullish validation of the long term thesis rolling into the CPO ramp up in 2027.

TLDR:
Ignore the headline numbers, they're scaling up to meet exponential demand.

Focus on fwd growth instead, which has been confirmed via pipeline expansion in Q1. This'll only keep going up in subsequent quarters.

Personally expecting Europeans to sell the headline numbers.

[Sivers-Semiconductors @SiversSemicond]

Sivers is pleased to report strong Q1 FY26 momentum across #Photonics, #SATCOM & #Wireless markets, with significant pipeline growth and multiple opportunities on track.

For full details on today's earnings announcement visit: https://t.co/JhgrxyAPOA

[The Asian Investor @asianinvestors]

Breakdown on what I saw reading $SIVE earnings report

$SIVE Q1 2026 dropped. On the surface it looks rough. Underneath it’s a 2027 story. Quick breakdown

The ugly:

Revenue 61.9m SEK, down 22% YoY
Gross margin caved to 6.8% (was 11.7%)
Adj EBITDA -13.8m, worse than last year
Cash down to 26.6m from 73.5m a year ago

They burned ~49m in operating cash in a single quarter. That’s the real headline.

It gets spicier. To stay funded they:

Raised ~125m SEK in April (more dilution, share count 269m to 311m YoY)
Took a $17m loan facility at 12% / 10.85%

That is expensive money. The balance sheet quality got worse this quarter.

But here’s why I’m still holding:

The revenue miss is timing, not lost business. North America sales halved purely from US defense budget approvals slipping into H2. Europe and Asia actually grew. Demand isn’t the problem.

The bull case is the pipeline:

Opportunity pipeline up 77% YTD to $799M

Jabil collab on a 1.6T pluggable transceiver (AI datacenter validation)
LIDAR auto ramp on track for Q4 2026
Multiple 2027 ramps stacking: FWA, defense, SATCOM

So the setup is simple. This quarter they got paid in pipeline and diluted in equity at the same time.

The whole thesis rides on the 2027 ramps actually converting to orders. If they slip the way Q1 revenue did, the cash position forces more dilution at worse terms.

Now we wait for earnings call to learn more

[The Trend Sage @JonkooTrades]

$SIVE Q1 2026 just dropped.
Quick scoring vs. my watchlist:

Pipeline: $453M → $799M YTD. +77% in a single quarter. I said $550M would be thesis-confirming. This is +45% above that bar. The chokepoint thesis isn't just intact — it's accelerating faster than anyone modeled.

Revenue: SEK 61.9M, -22% YoY. The number that's going to fill the replies with "told you so." Cause: U.S. government shutdown in Q4 2025 delayed defense budget approvals, pushing revenue from Q1 (and Q2) into H2 2026. Plus FX. CEO explicitly said full-year revenue plan remains on track. This is timing, not demand destruction.

LiDAR: Q4 2026 production ramp explicitly reconfirmed. No slippage. Six months out.

Partners: O-Net and Enablence partnership formally announced. Jabil added for 1.6T pluggable transceiver modules (after the quarter). That's three named CPO/optical partners signing on inside one quarter. Read the chain again: Sivers → ELS → optical engines → ASIC packaging. Sivers just locked in more of layer 2.

Nasdaq NY: Board now "considering" the dual listing. Upgrade in language from "evaluating." One step closer to the structural multiple expansion event.

Defense: New strategic development contract with a leading U.S. defense contractor (unnamed). Plus Year 2 CHIPS Act funding for the EW Star project (electromagnetic warfare). The defense layer is compounding quietly.

Cash: SEK -49M operating burn in the quarter (elevated). SEK 125M raise post-quarter from institutional investors filled the gap. Burn accelerated faster than I'd like, but it's funded.

The takeaway: this is exactly the kind of print where the algorithm sees "revenue -22%" and dumps the stock, while the actual business inflected forward. The pipeline went from $453M to $799M in 90 days.

That doesn't happen when the chokepoint is dissolving. It happens when more counterparties are showing up to lock in supply.

Watching the open. If the stock sells off on the revenue headline, I'm adding.

Not financial advice.

https://t.co/hlEctHMgz6

[Gaetano @crux_capital_]

In honor of $sive / $sivef earnings call today

I took the paywall off my deep dive from early April

Enjoy!

You might find some of my financial modeling interesting. It has changed a bit, but honestly not that much.

(Hopefully) I can update it further after the call today. We will see what they say

[Comintelli @Comintelli]

Join Comintelli for an upcoming SCIP webinar where Jesper Martell and Tiffany Donner will explore how AI-powered Competitive Intelligence platforms are strengthening strategic decision support.

Register here: https://t.co/602XpkZ7lY

[mcleeren @molsson]

⚠️ Gated Content (innehåll bakom leads-formulär) innebär ett strategiskt hot mot SEO, AI-sök och förtroende och kan leda till förlorad organisk trafik och varumärkessynlighet för företaget. Varför? Lär dig mer här:
https://t.co/IvdxxtjIU1
#SUBMICO #B2Bmarketing #digitalmarketing

[mcleeren @molsson]

Vill ni öka er marknadsnärvaro och pipeline?
Kontakta #SUNMICO! Vi hjälper #tech #scaleups med transformation och tillväxt!
#B2Bmarketing #consulting #growth

[Sivers-Semiconductors @SiversSemicond]

We’re proud to announce that Sivers Semiconductors has received $6.6M in Year 2 funding through @NSTXL in support of the EW STAR program, reflecting our strong execution and continued momentum.

Get Full Details 👇
https://t.co/ok95McKqmO

#Semiconductors #DefenseTech #RF #Radar

[mcleeren @molsson]

Why is execution the hardest part of scaling a tech business? 🤔 Useful tips for breaking down company strategy to pragmatic marketing strategy & execution plan that will help you scale.
https://t.co/jnjAJOanZc
#Scaleups #Growth #SaaS #SUNMICO #B2Bmarketing #consulting

[mcleeren @molsson]

Many tech companies struggle to transition from startup to global growth engine. Here are six common challenges facing tech CEOs on the scale-up journey.
https://t.co/RPOILmJKfM
#SUNMICO #B2Bmarketing #consulting #Tech #Scaleups #Growth

[mcleeren @molsson]

The Sunmico B2B Marketing Podcast for Tech Scale-Ups is a strategic resource designed specifically for CEOs, founders, and marketing leaders in the B2B tech sector.
https://t.co/eFJ27RIg7P
#SUNMICO #SunmicoPodcast #B2Bmarketing #StrategicMarketing #tech #Scaleups #growth

[Anders Storm @StormDirac]

EFN reports that ~50% of Sivers Semiconductors is now held by "new investors", primarily through CBNY, Charles Schwab, Interactive Brokers, and Clearstream. Combined value: ~8 billion SEK.

https://t.co/k9EMCinhs5

It is framed as these investors are driving this on speculation. Yes maybe, that is of course possible. Or is there another angle?

My take, SEK8B..what? Hence my reaction would probably be the opposite, this could be worth investigating: What thesis are these allocators actually trading? Is it pure speculation with SEK 8B in play? Who sits on these SEK8B?

EFN however have asked "Richard Schatz, senior researcher in photonics at RISE Research Institutes of Sweden and former consultant for Sivers", for his opinion about Sivers.

So what did Mr. Richard Schatz say:
"There are several companies that manufacture these kinds of lasers, and Sivers is far from alone. I don't understand why the company has become so hyped. There are many players, not just in Europe and the US, but also in China," says Schatz.

Honestly I have been COO and CEO at Sivers for almost 10 years 2015-2024 (2015 we had 18 headcount I known everyone in the Company until 2024) and also ask Board members that was in the board many years before me, both for Sivers and former CST Global (Sivers Photonics today) and none of them can recollect Mr. Schatz. I also sent an email, asking the reporter that interviewed Mr S and asked when he claims to have been a consultant at Sivers. Without reply. This doesn't really matter, it is just shows where the digging stops.

Sivers Semiconductors is one of a handful of merchant InP laser suppliers globally. They have disclosed partnerships with POET Technologies, Jabil (1.6T LRO), O-Net, Ayar Labs and operate in the External Light Source category that scale-up CPO architectures depend on.

Either are all these US investors dramatically wrong about the photonics layer of AI infrastructure, or the institutional allocators routing through US brokerages have identified what most Swedish investors haven't yet. Maybe this is worth investigating which? To be 100% clear no one knows (not even me), who has the right hypothesis, that we might know in 2028-2030 time frame.

To help anyone intressted, I made this free and open substack to explain how the money flows. As they said in Washington follow the money...

This article also gives insight to how Swedish retail trades in the stack via Avanza.

https://t.co/Br20JkPHHd

[mcleeren @molsson]

New podcast episode out: 🚀The B2B SaaS Scaling Playbook – Nordic Tech Marketing Insights.
Enjoy and have a great weekend!
https://t.co/SeLCg20Vho
#B2BSaaS #ScalingUp #NordicTech #Growth #Scaleups #MarketingStrategy #TechLeadership #SUNMICO #B2Bmarketing

[ItsSmacky @Chaamacoo]

I don’t think the market fully understands what Sivers Semiconductors / $SIVE is becoming.

Q1 will not be about hitting one single number. It will be about whether the company can confirm that the story is accelerating, from an interesting Swedish semiconductor player into a multi-domain platform spanning AI infrastructure, photonics, SATCOM, defense and Fixed Wireless Access.

The Q4 report already laid out the framework: record full-year revenue, a $453M opportunity pipeline, product opportunities growing faster than the legacy business, and a visible shift from NRE projects toward scalable product revenue.

Since then, the narrative has strengthened.

The Jabil collaboration is arguably the strongest signal yet. $SIVEF DFB laser technology is now part of a 1.6T pluggable optical transceiver module targeting AI data centers. The critical detail isn’t just the collaboration, it’s the power efficiency. The solution is positioned to deliver roughly 2.5x lower energy consumption. In an AI world where power is becoming the #1 bottleneck, this is timely.

Customer progress on the photonics side also includes Ayar Labs and $POET in CPO and external light source architectures, where $SIVE laser arrays are key enablers for scalable AI infrastructure.

Photonics is only one part of the story.

The lead automotive LIDAR customer ($AEVA) is still expected to begin ramping in Q4 2026, with meaningful cumulative revenue potential stretching into 2030. That’s a second major product ramp outside AI data centers.

On the SATCOM side, https://t.co/A7mlfHMHLp remains the flagship customer. The recent definitive agreement where US defense and space platform York Space Systems will acquire https://t.co/A7mlfHMHLp potentially brings $SIVE technology closer to the larger American defense and space ecosystem. Combined with IRIS², Doosan, ESA and new standard beamforming products, SATCOM is moving from development to broader deployment.

In Fixed Wireless Access, momentum continues. The Tier 1 infrastructure vendor (imo $NOK), is targeting first-generation product release late 2026, with a second-generation already in the pipeline.

Add to this the new Daybreak 5G/6G FR3 beamforming ICs, which $SIVE estimates unlock around $1.3B in emerging SAM within base stations and CPE. That’s not just another product, it expands the company’s addressable market.

Personally, I wouldn’t be surprised if the opportunity pipeline grows again in Q1. With Jabil, Daybreak, increased US defense/space attention, LIDAR, FWA and broader international interest converging, the funnel feels like it’s expanding.

On the capital markets side, $SIVE is evaluating a potential Nasdaq New York dual listing. This makes sense. The shareholder base is shifting toward more international and US-oriented investors who view $SIVE through a different lens: AI infrastructure, energy efficiency, photonics, defense exposure and massive long-term TAM.

Many Swedish investors still judge the company with a classic Nordic small-cap filter: near-term earnings, dilution risk, caution. For US tech investors this is an early-stage AI + connectivity platform with multiple parallel ramps. That mismatch in valuation frameworks is significant.

With the latest financing secured, the company now has runway to focus on execution instead of constant balance sheet worries.

Q1 report lands May 20. I’m not looking for perfection. I’m looking for momentum:

1️⃣ Photonics customer updates — Jabil, O-Net, pluggable/CPO signals

2️⃣ Early indications of production planning or commitments

3️⃣ SATCOM pipeline progress post-York

4️⃣ Continued confidence on the LIDAR 2026 ramp

5️⃣ FWA updates with Tier 1 and Tachyon

6️⃣ Signs of further international/US investor interest

If these pieces continue to line up, $SIVE will stop being priced as just another Swedish small-cap turnaround story.

It will start being priced as an emerging AI infrastructure and connectivity platform.

And that changes the game entirely.

[mcleeren @molsson]

Tachyon Networks expands #FWA portfolio with $1.5M development partnership with @SiversSemicond to accelerate Tachyon’s new unified #28GHz and #60GHz transceivers offering for rapid deployment.
https://t.co/UF0rqsmBOp
#SiversSemiconductors #Wireless #5G #mmWave