Ethernity Networks Ltd. (GB:ENET) has released an update.
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Ethernity Networks Ltd is advancing discussions with Tier-1 wireless backhaul OEMs to transition its FPGA technology to ASIC, potentially leading to significant revenue from long-term volume orders. Despite challenges with rising costs affecting its U.S. fixed wireless customer, the company is optimistic about its ASIC opportunities and ongoing projects with a U.S. aerospace client. These developments could position Ethernity for future growth in the semiconductor market.
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