New Supply Order for Edge AI Chip
US$7 million order from new customer for edge AI chip, with US$50 million potential over five years.
- Order value US$7 million
- Revenue expected in current financial year approximately US$5 million
- Potential supply revenue over first five years more than US$50 million
- Services and NRE bookings since 1 June 2024 more than US$2 million
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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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.