REG - EnSilica PLC - Production tape-out milestone of industrial ASIC

EnSilicaAnnouncement

10/10/2023 07:15

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RNS Number : 4814P  EnSilica PLC  10 October 2023

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK Market Abuse
Regulation

 

10 October 2023

EnSilica plc

("EnSilica", the "Company" or the "Group")

 

EnSilica production tape-out milestone of industrial ASIC

Production revenues estimated to be worth in excess of US$30m over 7 years

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), is pleased to announce that it has reached the key
production tape-out milestone for the design and supply of an industrial ASIC
which incorporates an industrial Arm based controller.

 

The project award was announced on 25 July 2022.

 

The ASIC is for a leading European industrial Original Equipment Manufacturer
("OEM") and is a key component in their factory automation controller systems.
 

 

A tape-out starts the manufacturing of the mask sets used for production of
the ASIC.  Based on the OEM customer's volume projections the ASIC supply has
revenues worth in excess of US$30 million over seven years.  We are now
moving into the post-tape out phase of the project and expect to have samples
in Spring 2024, and release-to-production in late Autumn 2024, following
silicon validation and qualification.

 

Ian Lankshear, Chief Executive Officer of EnSilica plc, commented:

 

"I would like to thank our talented engineering team for their diligent work
that has led to the smooth execution of this key first project for our leading
OEM customer.

 

We expect this to lead to further design wins as a consequence of the
increasing number of opportunities in this industrial market. There is a trend
to include artificial intelligence (AI) processing accelerators in new ASICs.
Also, and driven by new EU legislation, addressing advanced cyber security
protection is increasingly becoming a requirement. EnSilica is well placed to
take advantage of these trends leading to opportunities to re-design a range
of ASICs."

 

 

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 / Kate Kilgallen

 

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.

 

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