CML Microsystems (LON: CML) is set for strong long-term growth following the decision to concentrate on the wireless communications market. The new semiconductors product range is just starting to win design-in contracts. This provides potential for significant growth over the coming years.
CML moved from the standard list to AIM earlier this year and it paid a special dividend of 50p a share following the disposal of the storage technology business.
The new SuRF product range operates at microwave and millimetre-wave frequencies that enable high data rates. They are based on high-performance compound semiconductors and broaden the market that can be addressed into areas such as Internet of Things and 5G telecoms.
In order to generate revenues, CML has to get its component...