21 December 2018
Sivers IMA Holdings AB (Nasdaq First North: SIVE) subsidiary CST Global, a leading, independent, III-V opto-electronic, semiconductor foundry, today announced that it has signed a full, Master Purchase Agreement (MPA) with a prominent, North American, cloud services provider. CST Global is to deliver opto-electronic devices, essential to the deployment of next-generation and Hyperscale data centers.
CST Global has also received a sample production order, as part of the MPA framework, to enable the evaluation of its opto-electronic devices.
“CST Global has worked hard to achieve successful qualification as a supplier to this prominent, North American, cloud services provider,” commented Anders Storm, CEO of Sivers IMA Holding AB. “This MPA is hugely important to our continued, high growth within the opto-electronics industry. Approval of our devices by this prominent company validates our investment in CST Global’s foundry facility. It also gives CST Global credibility as a high-volume, supplier to the world-wide, Hyperscale, data center market.”,
The cloud data center market is projected to reach US$ 67.5 Billion by the end of 2023, according to a report conducted by Orbis Research (https://www.orbisresearch.com/) for Reuters. The report, “Cloud Data Center Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023” covers manufacturer, region and application by 2023.
Further information about the development of the MPA approval process will be available during 2019.