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On 15 July 2024, EnSilica plc announced a US$7 million supply order from a new customer for masking and initial wafer supply of an edge AI processing chip, with approximately US$5 million of this revenue expected in the current financial year. The company also reported more than US$2 million in additional services and NRE bookings since its current financial year began on 1 June 2024, and noted a further potential supply revenue of over US$50 million over five years based on customer forecasts.
| Date | 15 Jul 2024 |
| Time | 07:00:06 |
| Category | Corporate updates |
| ID | 3143W |
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:
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EnSilica plc Ian Lankshear, Chief Executive Officer Kristoff Rademan, Chief Financial Officer |
via Vigo Consulting +44 (0)20 7390 0233 |
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Allenby Capital Limited, Nominated Adviser & Joint Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington/Tony Quirke (Sales & Corporate Broking)
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+44 (0)20 3328 5656 |
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Singer Capital Markets, Joint Broker Rick Thompson / Asha Chotai
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+44 (0)20 7496 3000 |
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Vigo Consulting (Investor & Financial Public Relations) Jeremy Garcia / Kendall Hill |
+44 (0)20 7390 0233 |
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.