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.
"EnSilica was selected by this industrial test equipment provider due to its world-class mixed signal design experience and relevant intellectual property portfolio," it says. "Out of the three prospective design and supply contracts in the negotiation stage that were referred to in the company's announcement on 5 November 2024, two have now been secured and announced by EnSilica. These contracts come with significant upfront payments."
Last week Thursday, EnSilica said it continues "to trade in line with consensus market expectations" for the financial year ending May 30, 2025.
Current stock price: 48.10 pence, up 11% on Friday morning
12-month change: down 5.7%
By Eric Cunha, Alliance News news editor
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