From a 77% order pipeline to Jabil and Apple’s supply chain, Sivers' valuation logic has completely changed the script—retail investors are still looking at the old map, while capital has already charted a new course.

Serenity points out that Sivers Semiconductors' market expectations are undergoing multiple rounds of reassessment: from customer structure, execution capability, market share, to revenue growth and expansion capacity discussions. Potential clients include Jabil, Ayar Labs, Apple supply chain, defense, Marvell, and others, as well as Lumentum, Broadcom, and SpaceX supply chains. The short-term order pipeline has increased by 77%, and collaboration with Win Semi can alleviate capital expenditure and support expansion. The focus shifts to Win Semi's expansion capacity, with institutional funds possibly re-pricing retail investors before the next cycle.