IN BRIEF: EnSilica shares climb as wins USD30 million deal
6th Dec 2024 11:07
EnSilica PLC - Oxfordshire-based fabless design house providing custom design and supply of mixed signal application-specific integrated circuits - Wins deal for design and supply of a precision timing controller application-specific integrated circuits with a customer that it doesn't name. The ASICs will be used in "high-value industrial test equipment products". The deal is worth more than USD30 million over 10 years and begins "imminently". Non-recurring design revenue from the contract will fall in the current and next financial years, while supply revenue will start in mid-2026. Read More