Sivers Semiconductors raises SEK 700M to fuel AI and defence push
What's the deal? Sivers Semiconductors, listed on Nasdaq Stockholm, has raised roughly SEK 700 million (about $72 million) through a directed share issue of 12,280,701 new shares.
The shares were priced at SEK 57 each — a 9.7% discount to the June 30 closing price — and the offering was several times oversubscribed.
Both new and existing Swedish and international institutional investors took part. Pareto SecuritiesDealroom has a profile for this one. Try Dealroom → ran the accelerated bookbuilding.
Why now? The chipmaker wants to fund proactive capital spending to expand its indium phosphide manufacturing capacity, citing long equipment lead-times for its photonics business.
"This successful raise is a solid validation of continued and expanding investor interest in Sivers' focus markets," said Vickram Vathulya, president and chief executive officer.
Those markets are AI, satellite communications, and defence. The company also plans to add field staff, speed up research, and pursue possible acquisitions.
What could go wrong? The issue dilutes existing shareholders by about 3.3% on a fully diluted basis.
Sivers is also working towards a US listing, a process Vathulya called significant in accounting and legal effort, and one it intends to complete over the next few quarters.
The signal: A mature chipmaker with more than 60 years of innovation experience, Sivers is leaning on a multiple-times-oversubscribed raise to bankroll capacity ahead of demand — a sign that even established players see indium phosphide supply as the bottleneck in the AI, satellite communications, and defence boom. The planned US listing, paired with this institutional backing, suggests Sivers is positioning itself to court a broader pool of capital as those markets scale.
Read more: Cision
Image credit: Sangitiana
