EnSilica PLC Production tape-out milestone of industrial ASIC (4814P)
10 October 2023 - 5:01PM
UK Regulatory
TIDMENSI
RNS Number : 4814P
EnSilica PLC
10 October 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK Market Abuse Regulation
10 October 2023
EnSilica plc
("EnSilica", the "Company" or the "Group")
EnSilica production tape-out milestone of industrial ASIC
Production revenues estimated to be worth in excess of US$30m
over 7 years
EnSilica, a leading chip maker of mixed signal ASICs
(Application Specific Integrated Circuits), is pleased to announce
that it has reached the key production tape-out milestone for the
design and supply of an industrial ASIC which incorporates an
industrial Arm based controller.
The project award was announced on 25 July 2022.
The ASIC is for a leading European industrial Original Equipment
Manufacturer ("OEM") and is a key component in their factory
automation controller systems.
A tape-out starts the manufacturing of the mask sets used for
production of the ASIC. Based on the OEM customer's volume
projections the ASIC supply has revenues worth in excess of US$30
million over seven years. We are now moving into the post-tape out
phase of the project and expect to have samples in Spring 2024, and
release-to-production in late Autumn 2024, following silicon
validation and qualification.
Ian Lankshear, Chief Executive Officer of EnSilica plc,
commented:
"I would like to thank our talented engineering team for their
diligent work that has led to the smooth execution of this key
first project for our leading OEM customer.
We expect this to lead to further design wins as a consequence
of the increasing number of opportunities in this industrial
market. There is a trend to include artificial intelligence (AI)
processing accelerators in new ASICs. Also, and driven by new EU
legislation, addressing advanced cyber security protection is
increasingly becoming a requirement. EnSilica is well placed to
take advantage of these trends leading to opportunities to
re-design a range of ASICs."
For further information please contact:
EnSilica plc Via Vigo Consulting
Ian Lankshear, Chief Executive Officer +44 (0)20 7390 0233
www.ensilica.com
Allenby Capital Limited, Nominated Adviser +44 (0)20 3328 5656
& Broker info@allenbycapital.com
Jeremy Porter / Vivek Bhardwaj (Corporate
Finance)
Joscelin Pinnington/Tony Quirke (Sales &
Corporate Broking)
Vigo Consulting (Investor & Financial Public +44 (0)20 7390 0233
Relations) ensilica @vigoconsulting.com
Jeremy Garcia / Kate Kilgallen
About EnSilica
EnSilica is a leading fabless design house focused on custom
ASIC design and supply for OEMs and system houses, as well as IC
design services for companies with their own design teams. The
company has world-class expertise in supplying custom RF, mmWave,
mixed signal and digital ICs to its international customers in the
automotive, industrial, healthcare and communications markets. The
company also offers a broad portfolio of core IP covering
cryptography, radar, and communications systems. EnSilica has a
track record in delivering high quality solutions to demanding
industry standards. The company is headquartered near Oxford, UK
and has design centres across the UK and in Bangalore, India and
Porto Alegre, Brazil.
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END
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