REG - EnSilica PLC - Significant c.US$20 million Supply Win

EnSilicaAnnouncement

28/02/2024 07:00

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RNS Number : 6961E  EnSilica PLC  28 February 2024

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                                                      Via Vigo Consulting

 Ian Lankshear, Chief Executive Officer                            +44 (0)20 7390 0233

 www.ensilica.com (http://www.ensilica.com/)

 Allenby Capital Limited, Nominated Adviser & Broker                +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)                info@allenbycapital.com

 Joscelin Pinnington/Tony Quirke (Sales & Corporate Broking)

 Vigo Consulting (Investor & Financial Public Relations)           +44 (0)20 7390 0233 ensilica@vigoconsulting.com

                                                                 (mailto:visum@vigoconsulting.com)
 Jeremy Garcia / Kendall Hill

 

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.

 

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