Silicom awarded $3M per year FPGA smart NIC design contract

Silicom (SILC) Ltd. has secured a design win with a European provider of advanced encryption and secure communication solutions for organizations requiring the highest level of protection for sensitive information. The customer selected a Silicom FPGA SmartNIC following a successful evaluation of one of Silicom’s off-the-shelf products, which demonstrated the performance and reliability required for its advanced encryption solutions including Post Quantum Cryptography. Silicom expects to deliver the products per the customer’s initial $1M commitment during the second half of 2026, as it scales toward an anticipated annual deployment of approximately $3M. As a first step, the customer has already placed commitments totalling approximately $1M. Silicom and the customer are already engaged in discussions about a next-generation, higher-speed FPGA Smart NIC that the customer plans to launch in 2028, as well as a potential full system solution that combines a server with an FPGA Smart NIC.