Business
New contracts with existing customers worth $3.6m
New contracts with existing customers worth $3.6m.
About this update from Ensilica Plc
[{"type":"text","content":"\n \n \n Prior to publication, the information contained within this announcement was deemed by the Group to constitute inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.\n \n \n \n \n \n 12\n December 2022\n \n \n \n \n \n \n \n \n EnSilica plc\n \n \n \n \n (\"EnSilica\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n EnSilica secures two new contracts with existing customers worth $3.6m\n \n \n \n \n \n \n \n \n \n EnSilica, a leading mixed signal chip maker, is pleased to announce that it has secured two new contracts, from existing customers based in mainland Europe, for a combined total of $3.6 million.\n \n \n \n \n \n The contracts, which underpin current market expectations,\n include incremental workflows with a major automotive Tier 1 customer, with both contracts expected to commence by January 2023.\n \n \n \n \n \n One of the contracts is to develop a TSMC\n \n \n \n 1\n \n \n \n 12 nm FinFet\n \n \n 2\n \n \n chip, which the Company's engineering team at its new Bristol design centre will help deliver, utilising Flow IP\n \n \n 3\n \n \n methodologies and software routines\n acquired from Blu Wireless Technology in July this year. \n \n \n \n \n \n \n Ian Lankshear, Chief Executive Officer of EnSilica plc, commented:\n \n \n \n \n \n \n \n \"We are delighted to have secured a further two contracts from existing customers, which has enabled our team to take full advantage of our recently acquired Flow IP capabilities. Pleasingly, these new design flows will enable us to deliver both high quality and highly competitive complex chips to our customers.\n \n \n \n \n \n \n \n \n \n With the global demand for new chip development strong, EnSilica remains ideally placed to continue to take full advantage of these market opportunities.\"\n \n \n \n \n \n \n \n Definitions:\n \n \n \n \n \n \n \n \n 1\n \n \n \n TSMC\n \n Taiwan Semiconductor Manufacturing Company\n \n \n \n \n \n \n \n \n \n 2\n \n \n \n FinFET\n \n FIN Field Effect Transistor: A three-dimensional transistor architecture that uses a raised channel (the \"fin\") from source to drain. ...