Just in: $SIVE gets $6.6M from the US CHIPS ACT.
This is a $6.6M Year 2 Program.
In collaboration with BAE Systems: "Modernizing U.S. Defense Infrastructure Using Sivers Technology"
This is incredibly bullish to have such a small company in $SIVE to get CHIPS ACT funding.
As it positions Sivers as a critical, US-government backstopped chokepoint for national security.
NEWS: $POET Announces Closing of US$400 Million Investment
“We are in the process of expanding our capacity by roughly ten-fold in both wafer production and optical engine assembly in order to support a transition to higher volume manufacturing into 2027,” said Chairman & CEO Dr. Suresh Venkatesan.
Everyone repeat after me…
“Options on a 13F are reported with notional value as if each contract was 100 shares regardless of the actual delta of the contract”
Maybe we can avoid this next quarter (we won’t).