Sigma Designs Begins ‘Transition Year’ in Shift to ‘IoT-Focused Company,' Says CEO
SoC supplier Sigma Designs sees fiscal 2018 ending in January as “a transition year in our business as we begin to shift our focus from our historical target market” to that of “an IoT-focused company,” CEO Thinh Tran said on…
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a Wednesday earnings call. “We are embarking on a long-term strategic shift to focus on developing IoT into full potential for our company while maintaining our connected smart TV platform as a base business.” In Sigma’s mobile IoT business, “we are in the process of productizing a technology that is completely unique in the cellular space,” he said. The technology has “an architecture that has been built from the ground up to service low-power, small-form-factor LTE-based mobile IoT applications,” he said. Sigma’s technology was “reviewed and refined by a top U.S. mobile carrier” that’s now “in the process of taking it to certification,” Tran said. “We believe our mobile product line will offer a sustainable competitive advantage for the foreseeable future.” Since demonstrating the technology at CES, “we are engaged with many more of the largest global mobile carriers,” he said. “We expect our first product to enter production and begin the revenue ramp in the second half of this year.”