Sondrel (Holdings) plc Delivery of prototypes for three ASIC projects (1315N)
2023年9月21日 - 3:00PM
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RNS Number : 1315N
Sondrel (Holdings) plc
21 September 2023
21 September 2023
Sondrel (Holdings) plc
("Sondrel", the "Company" and together with its subsidiaries the
"Group")
Delivery of prototypes for three ASIC projects
Sondrel (Holdings) plc (AIM: SND), the fabless semiconductor
business providing turnkey services in the design and delivery of
'application specific integrated circuits' ("ASICs") and 'system on
chips' ("SoCs") for leading global technology brands, is pleased to
provide an update on three of its ASIC projects.
Separate from the Company's announcement on 31 August 2023,
which notified delays in the anticipated chip development and
production for next generation new engagements for three major ASIC
customers, the Company is pleased to provide an update on three
existing contracted ASIC projects in progress (the "Projects").
The Projects relate to an edge AI ASIC, a home network ASIC, and
a controller ASIC for smartphone cameras and the Company previously
announced the successful tapeouts of each of these ASIC design
Projects in January 2023, March 2023 and May 2023 respectively.
Prototypes of the silicon for each of the Projects have now been
delivered to the customers in line with the Group's roadmap to
production and are now progressing through validation and
qualification. The Projects all remain on schedule for the release
to production.
Graham Curren, Chief Executive Officer of Sondrel,
commented:
"The delivery of the prototypes for these Projects demonstrates
our ongoing work with customers as each device moves towards
production, and to generating recurring production revenues after
the initial design revenue.
As previously announced, the combined customer production volume
forecasts for these ASIC projects alone now totals US$170m and
gives us confidence in our medium-term ambition to reach over
GBP100m in revenue. We look forward to updating investors as we
make continued progress in the months ahead."
Ends
For further information:
Sondrel (Holdings) plc Via Buchanan
Graham Curren, CEO Tel: +44 (0) 20 7466
5000
Nick Stone, Interim CFO
Cavendish Securities plc Tel: +44 (0) 20 7220
0500
Ben Jeynes / Katy Birkin / George Lawson
- Corporate Finance
Michael Johnson - Sales
Buchanan Communications Tel: +44 (0) 20 7466
5000
Chris Lane sondrel@buchanan.uk.com
Stephanie Whitmore
Jack Devoy
Abby Gilchrist
About Sondrel
Sondrel is a UK-based fabless semiconductor company specialising
in high end, complex digital Application Specific Integrated
Circuits (ASICs) and System on Chips (SOCs). It provides a full
turnkey service in the design, prototyping, testing, packaging and
production of ASICs and SoCs.
The Company is one of only a few companies capable of designing
and supplying the higher-spec chips built on the most advanced
semiconductor technologies, selling into a range of hyper growth
end markets such as high-performance computing, automotive,
artificial intelligence, VR/AR, video analytics, image processing,
mobile networking and data centres. Sondrel designs have enabled
products by leading technology brands including Apple (iPhone),
Sony (PlayStation), Meta's (Oculus), Samsung, Google and Sony
smartphones, JVC (prosumer camcorders), Tesla and Mercedes-Benz
cars.
Sondrel is well-established, with a 20-year track record of
successful delivery, supported by long standing ecosystem
partnerships including Arm, TSMC and Samsung. Headquartered in the
UK, Sondrel has a global presence with offices in UK, USA, China,
India and Morocco.
For more information please visit: www.ir.sondrel.com .
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END
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September 21, 2023 02:00 ET (06:00 GMT)
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