Business
Arm-Based Technology Contract Win
Arm-Based Technology Contract Win.
About this update from Ensilica Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation\n \n4 March 2024\n \nEnSilica plc\n(\"EnSilica\", the \"Company\" or the \"Group\")\n \n€3.8 million Arm-Based Technology Contract Win\n \nEnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has secured a new contract with a prominent European automotive and industrial semiconductor supplier, worth €3.8 million over the current and next financial year, with work starting imminently (the \"Contract\").\n \nThe Contract encompasses a comprehensive suite of services, including engineering consultancy and the licensing of EnSilica's Intellectual Property (\"IP\") for incorporation into a new chip design. Specifically, the project includes the development of a chip incorporating Arm-based IP to be used for high-integrity automotive and industrial applications.\n \nThe Contract marks the initiation of a partnership with a new customer following a successful customer funded two-month study phase with EnSilica, which was one of the consultancy opportunities announced on 14 December 2023. \n \nEnSilica's licensed IP for this Contract is instrumental in differentiating the Company's offering and includes a cryptographic accelerator from its eSi-Crypto IP library, alongside numerous analogue functions from the Group's extensive analogue re-use library.\n \nAs both an Arm Approved Design Partner and Arm Functional Safety Partner, EnSilica is strategically positioned to support the growing demand for Arm-based products within the industrial and automotive sectors across Europe. \n \nSignificantly, EnSilica has built up the in-house expertise and processes to design chips to ISO 26262, which is the international standard for functional safety in the automotive industry specifying requirements and processes for the development of automotive electronic systems including semiconductors.\n \nIan Lankshear, Chief Executive Officer of EnSilica plc commented:\n \n\"We are delighted to secure this contract with a distinguished European customer, which further underpins our expertise in Arm-based technology for automotive and industrial applications a...