Production Milestone Achieved on Siemens Contract
EnSilica plc has announced a significant production tape-out milestone for an ASIC developed under its design and supply contract with Siemens AG, a key step towards volume production scheduled to begin ramping up in January 2027, earlier than anticipated. This achievement signifies the completion of the design phase and the release of final data to the semiconductor foundry for manufacturing tooling and initial samples. The company currently has five chips in production and a dozen more in its design pipeline, indicating a robust development and production pipeline.
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EnSilica plc (AIM: ENSI), a leading fabless chipmaker of mixed-signal ASICs (Application Specific Integrated Circuits), is pleased to announce that the ASIC developed under the design and supply contract awarded by Siemens AG, as announced on 12 September 2024, has successfully reached the production tape-out milestone.
This milestone marks the completion of the design phase and the release of final data to the semiconductor foundry to commence manufacturing of the production tooling and first samples. It represents a significant step towards volume production of the ASIC, where production of the ASIC is scheduled to begin ramping up in January 2027, earlier than initially expected.
Ian Lankshear, Chief Executive Officer, commented:
"I would like to thank the team for their hard work and close collaboration with our customer in achieving this milestone, which is a key step on the path to full-scale production. The Company now has five chips in production and a dozen chips in its design pipeline soon progressing to tape-out, testing, qualification and into production.
This achievement is a testament to the world-class skills and dedication of our engineering and operations teams."
| EnSilica plc Ian Lankshear, Chief Executive Officer Kristoff Rademan, Chief Financial Officer www.ensilica.com | via Vigo Consulting +44 (0)20 7390 0233 |
| Allenby Capital Limited (Nominated Adviser & Joint Broker) Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking) | +44 (0)20 3328 5656 info@allenbycapital.com |
| Panmure Liberum Limited (Joint Broker) Edward Mansfield / Will King | +44 (0)20 3100 2000 |
| Vigo Consulting (Investor & Financial Public Relations) Jeremy Garcia / Safia Colebrook | +44 (0)20 7390 0233 ensilica @vigoconsulting.com |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.