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Production tape-out milestone of industrial ASIC
Production tape-out milestone of industrial ASIC.
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 \n10 October 2023\nEnSilica plc\n(\"EnSilica\", the \"Company\" or the \"Group\")\n \nEnSilica production tape-out milestone of industrial ASIC\nProduction revenues estimated to be worth in excess of US$30m over 7 years\n \nEnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has reached the key production tape-out milestone for the design and supply of an industrial ASIC which incorporates an industrial Arm based controller.\n \nThe project award was announced on 25 July 2022. \n \nThe ASIC is for a leading European industrial Original Equipment Manufacturer (\"OEM\") and is a key component in their factory automation controller systems. \n \nA tape-out starts the manufacturing of the mask sets used for production of the ASIC. Based on the OEM customer's volume projections the ASIC supply has revenues worth in excess of US$30 million over seven years. We are now moving into the post-tape out phase of the project and expect to have samples in Spring 2024, and release-to-production in late Autumn 2024, following silicon validation and qualification.\n \nIan Lankshear, Chief Executive Officer of EnSilica plc, commented:\n \n\"I would like to thank our talented engineering team for their diligent work that has led to the smooth execution of this key first project for our leading OEM customer. \n \nWe expect this to lead to further design wins as a consequence of the increasing number of opportunities in this industrial market. There is a trend to include artificial intelligence (AI) processing accelerators in new ASICs. Also, and driven by new EU legislation, addressing advanced cyber security protection is increasingly becoming a requirement. EnSilica is well placed to take advantage of these trends leading to opportunities to re-design a range of ASICs.\"\n \n \nFor further information please contact:\n \n\n\n\n\nEnSilica plc\nIan Lankshear, Chief Executive Officer\nwww.ensilica.com\n\n\nVia Vigo Consulting\n+44 (0)20 7390 0233\n\n\n\n\n \nAllenby Capital Limited, Nominated Adviser &a...