28th May 2025 13:19
(Alliance News) - EnSilica PLC on Wednesday noted the opening of its engineering hub in Cambridge, where the firm hopes to attract new recruits.
EnSilica shares were up 11% at 35.96 pence each on Wednesday afternoon in London.
The Oxford, England-based semiconductor chipmaker said the facility will support development of EnSilica's existing integrated circuit designs.
The site was funded by a UK Space Agency C-LEO award and by the firm's recent contract wins. EnSilica already has design facilities in Abingdon, Sheffield and Bristol, alongside sites in Brazil and India.
EnSilica's Cambridge debut gives strengthens its foothold in the "golden triangle" of British university towns - Oxford, Cambridge and London.
"We are delighted to have not only secured a team of highly skilled engineers at a time when there is a very real shortage of engineering talent in the UK, but also to establish a firm base in an established UK tech hub like Cambridge which ideally positions the business to attract additional talent," said Chief Executive Ian Lankshear.
This dose of optimism follows a rocky first-half for EnSilica. Back in April, the chipmaker lowered full-year revenue guidance to between GBP19 million and GBP20 million, versus the GBP30 million forecast at its November 30 year-end. The company cited contract delays, and predicted a 2026 recovery of revenue between GBP33 million and GBP36 million.
By Holly Munks, Alliance News reporter
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