The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation
28 February 2024
EnSilica plc
("EnSilica", the
"Company" or the "Group")
Significant
c.US$20
million Supply Win
EnSilica secures tape-out
with major US electronics manufacturer
EnSilica, a leading chip maker of
mixed signal ASICs (Application Specific Integrated Circuits), is
pleased to announce that it has secured a significant order for the
tape-out of a custom ASIC from a major electronics manufacturer
headquartered in the US, worth c.US$20 million in revenue for the
calendar years 2025 and 2026 (the "Supply Win"). The tape-out
process marks the stage where the design of the ASIC is finalised
and sent to the foundry for fabrication.
This Supply Win, which was gained in
part through the Company's global engineering and support team,
alongside its extensive expertise with digital, analogue and radio
frequency ("RF") chips, is the first order from the US for
manufacturing-only services utilising EnSilica's new silicon
foundry channel partner.
Management believes that the US
represents a sizable growth market for the Company and is actively
pursuing similar orders which, if secured, could enhance production
margins across EnSilica's ASIC business through increased wafer
volumes whilst also helping strengthen the Group's position within
the semiconductor supply chain.
Ian Lankshear,
Chief Executive Officer of EnSilica, commented:
"We are
delighted to announce this Supply Win from the US, which reinforces
our position as a quality focused supply partner for customers and
further strengthens our foundry partnerships in the
US.
The US now
represents a sizable growth opportunity for the Group, and we
believe the award of this contract has the potential to generate
further business, thereby bolstering our near-term revenue growth
and cash-generation."
For further
information please contact:
EnSilica
plc
Ian Lankshear, Chief Executive
Officer
www.ensilica.com
|
Via Vigo Consulting
+44 (0)20 7390 0233
|
Allenby
Capital Limited, Nominated Adviser & Broker
Jeremy Porter / Vivek Bhardwaj (Corporate
Finance)
Joscelin Pinnington/Tony Quirke (Sales &
Corporate Broking)
|
+44 (0)20 3328 5656
info@allenbycapital.com
|
Vigo
Consulting (Investor & Financial Public
Relations)
Jeremy Garcia / Kendall Hill
|
+44 (0)20 7390 0233 ensilica@vigoconsulting.com
|
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 India and Brazil.