Ensilica PLC (GB:ENSI) has released an update.
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EnSilica, a prominent ASIC chip maker, has secured a sizable US$7 million order from a new customer for an edge AI processing chip, with US$5 million in revenue expected within the current financial year and the potential for over US$50 million in the next five years. This deal bolsters the company’s financial outlook, with an additional US$2 million in services and NRE bookings since June 2024. The company’s CEO, Ian Lankshear, expresses confidence in the significant order affirming EnSilica’s business model and enhancing its status in the chipmaking industry.
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