Sivers eyes Nasdaq listing

Sivers Semiconductors said on April 16 it is evaluating a dual listing in New York as it pushes deeper into United States artificial intelligence infrastructure. (sivers-semiconductors.com) The Swedish chip company said the plan would keep its domicile in Sweden and add Nasdaq New York alongside its existing Nasdaq Stockholm listing. It said the review is aimed at broader access to United States tech investors and long-term growth capital. (sivers-semiconductors.com) Sivers also said it is reworking its 2024 and 2025 consolidated financial statements to Public Company Accounting Oversight Board standards, the audit rules used for United States listings. The company said that process could shift revenue between periods, inventory values and share-option expenses, and any changes will appear in its 2025 annual report on April 27, 2026. (sivers-semiconductors.com) The listing review comes as Sivers ties more of its photonics business to the hardware that moves data inside artificial intelligence data centers. Optical interconnects replace short copper links with light, which cuts power use and helps move larger amounts of data between chips and servers. (sivers-semiconductors.com) On April 15, Sivers said Jabil plans to build a 1.6-terabit linear receive optical transceiver module using Sivers distributed-feedback lasers. The companies said the module is aimed at hyperscale artificial intelligence data centers, where operators are trying to raise bandwidth without raising electricity use. (prnewswire.com) Sivers has been building that position for more than a year with Ayar Labs, a United States optical input-output company. In December 2024, Sivers said it was in advanced discussions with Ayar Labs on product qualification and manufacturing readiness for high-volume deployment of laser arrays in artificial intelligence data centers. (sivers-semiconductors.com) That push is starting from a small base. Sivers reported 2025 net sales of 304.1 million Swedish kronor, up 25 percent from 2024, while its operating loss widened to 141.3 million kronor and its year-end cash position stood at 43.5 million kronor. (news.cision.com) The same report pointed to a larger United States-facing pipeline across photonics, defense and wireless. Sivers said an ALL.SPACE program tied to a United States Army lidar customer could start ramping in the fourth quarter of 2026, and it disclosed an $800,000 development contract from a United States defense contractor plus a $3 million production purchase order from Tachyon Networks. (news.cision.com) A New York listing would not complete that strategy on its own, but it would put Sivers in the same market as many of the customers and investors it is courting. For now, the next marker is April 27, when the company says it will publish the 2025 annual report that reflects any audit-uplift adjustments. (sivers-semiconductors.com)