Sivers Semiconductors AB has today entered into an agreement to acquire 100 per cent of the share capital of MixComm Inc. for an initial purchase price of USD 135m (approximately SEK 1,173 million) on a debt-free basis.
MixComm announced today that it has been selected as a member of the 5G Open Innovation Lab, a global ecosystem of developers, start-ups, enterprises, academia and government institutions, focused on helping start-ups utilize 5G to develop new capabilities, use cases and market categories. MixComm will work closely with the Lab’s founding partners, including Intel, T-Mobile and NASA, to develop RF and mmWave solutions that support 5G cellular communications infrastructure.
“The MixComm team looks forward to working closely with the Lab’s influential founding partners to develop compelling mmWave solutions that maximize 5G’s potential.” – Mike Noonen, MixComm CEO
MixComm, the mmWave Antennas to Algorithms™ pioneer, is solving the challenges constraining 5G mmWave performance by extending range to decrease carrier cost and improve customer satisfaction, reducing thermal and electrical power consumption budgets, and optimizing antenna arrays to reduce module cost. These benefits make MixComm’s solutions ideal for 5G infrastructure and terminals, ranging from gNodeB base stations and repeaters to customer premise equipment. Earlier this year, MixComm debuted the first of its family of breakthrough mmWave devices, the 5G 28GHz beamforming SUMMIT 2629™ Front End IC.
“MixComm is honored to be the first mmWave solution provider selected by the 5G Open Innovation Lab,” said Mike Noonen, MixComm CEO. “The MixComm team looks forward to working closely with the Lab’s influential founding partners to develop compelling mmWave solutions that maximize 5G’s potential.”
Unique to the Lab’s approach is its focus on unifying an independent ecosystem by bringing together technology, financial and community partners and forward-thinking customers from industries such as media and entertainment, transportation, oil and gas, manufacturing, and retail.
“5G mmWave impacts many different application verticals, and we are very excited to work with the 5G Open Innovation Lab’s partners who are industry leaders in these different spaces,” said Harish Krishnaswamy, MixComm CTO and co-founder.
“The 5G OI Lab is an extraordinary opportunity for developers to work directly with technology and business leaders to design and bring to life their vision and dreams for new 5G applications,” said Jim Brisimitzis, managing partner of the 5G OI Lab. “This is not just any startup program. We are building a true partner ecosystem that will bring knowledge, resources and capital together to change the world in profound ways.”
To learn more about MixComm’s groundbreaking mmWave solutions, visit http://www.mixcomm.com.
About the 5G Open Innovation Lab
The 5G Open Innovation Lab (5G OI Lab) is a global ecosystem of developers, start-ups, enterprises, academia and government institutions working together to fuel the development of new 5G capabilities and market categories that will transform the way we work, live and play both now and in the future. The Lab provides developers at all stages unparalleled access to open platforms, enterprises and markets needed to create, test and deploy new use cases and innovations for 5G. To learn more about the Lab and its portfolio of companies, please visit https://www.5GOILab.com/ or follow us on Twitter at @5GOILab.
MixComm, based in Chatham, N.J., is the leading mmWave Antennas to Algorithms™ company developing transformative solutions for emerging wireless applications and markets. MixComm was co-founded in 2017 by Dr. Harish Krishnaswamy of Columbia University’s Engineering School and Frank Lane, formerly Senior Director at Flarion Technologies and Vice President of Technology for Qualcomm. The company’s technology is based on breakthroughs from Dr. Krishnaswamy’s CoSMIC lab at Columbia University and is funded by Kairos Ventures. The founding team has a proven track record in RFIC research and development and in commercializing cutting-edge RF silicon at both startup and large semiconductor companies. For more information, visit http://www.mixcomm.com.