The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation
15 July 2024
EnSilica plc
("EnSilica", the
"Company" or the "Group")
New Supply Order for Edge AI
Chip
Strong bookings to start the
financial year
EnSilica, a leading chip maker of
mixed signal ASICs (Application Specific Integrated Circuits), is
pleased to announce a US$7 million order from a new customer (the
"Order"). The Order is for the masking - being the
non-recurring engineering ("NRE") component -
and initial wafer supply for an edge artificial intelligence
("AI")* processing chip.
Based on the customer forecasts, approximately
US$5 million of revenue is expected to fall into the Company's
current financial year. There is a further potential supply revenue
of more than US$50 million over the first five years of
production.
In addition to the Order, the Company
is pleased to announce that it has received more than US$2 million
of services and NRE bookings since the beginning of the Company's
current financial year, which started on 1 June 2024.
Ian Lankshear,
Chief Executive Officer of EnSilica, commented:
"We are
pleased to obtain a substantial order from a new customer, which
further ratifies our business model and strengthens EnSilica's
position as a leading chipmaker. The addition of Edge AI processing
will significantly increase the dollar value of the chips that we
supply."
*Edge AI is where AI computation occurs near
the user at the edge of the network, close to where the data is
located, rather than centrally in a cloud computing facility or
private data centre.
For further
information please contact:
|
EnSilica
plc
Ian Lankshear, Chief Executive
Officer
Kristoff Rademan, Chief Financial
Officer
www.ensilica.com
|
via Vigo Consulting
+44 (0)20 7390 0233
|
|
Allenby
Capital Limited, Nominated Adviser & Joint
Broker
Jeremy Porter / Vivek Bhardwaj (Corporate
Finance)
Joscelin Pinnington/Tony Quirke (Sales &
Corporate Broking)
|
+44 (0)20 3328 5656
info@allenbycapital.com
|
|
Singer Capital
Markets, Joint Broker
Rick Thompson / Asha Chotai
|
+44 (0)20 7496 3000
|
|
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 Bangalore, India and Porto Alegre, Brazil.