Production order for Industrial ASIC received

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has received the first production orders for an Arm-based Industrial Controller ASIC (the "Contract").

The Contract, first announced on 25 July 2022, and awarded by a leading European industrial Original Equipment Manufacturer ("OEM"), is for an ASIC that will be a key component in their factory automation controller systems. Tape-out for the ASIC was announced on 10 October 2023.

The first orders for the ASIC are for delivery to the customer in the first half of 2025, with total production revenues over a seven year period expected to be worth more than US$30m, based on the customer's estimate.

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

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

This production order marks our 4th ASIC in production and a further eight chips now at the design stage. This milestone demonstrates that EnSilica is adding to its pipeline of ASICs in supply to generate the strong reoccurring revenues which the fabless business is proven to deliver when well executed."