Siemens AG Award Design & Supply Contract

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has been awarded an additional ASIC design and supply contract by Siemens AG ("Siemens"), the multinational technology conglomerate (the "Contract").

The NRE (non-recurring engineering) component of the Contract will commence in calendar year 2025, with the initial production phase expected to start in Q4 2027.

Siemens incorporates ASICs in various industrial automation systems, including their programmable logic controllers ("PLCs"), motor drives, and other control devices. These specialised chips enhance functionality, reduce power consumption, and improve overall system reliability, underpinning Siemens' market-leading position.

The Contract supports current market expectations for this financial year and next.

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

"We are proud to have been awarded an additional ASIC design and supply contract with Siemens, one of the market leaders in the fast-growing segment of process automation. The award of this contract further reinforces our reach within the industrials sector, alongside enhancing our reputation for being an ASIC partner of choice."

Dieter Brückner of Siemens AG commented:

"We are pleased to be working with EnSilica on another ASIC. Their digital and mixed signal ASIC expertise and locality makes them a strong partner for Siemens."