Silicom (SILC) announced that it has secured a major FPGA Smart NIC win from a new customer, a Fortune 500 cloud-based service provider located in North America. The customer selected the Silicom card after a year-long process which included a thorough technical evaluation. Silicom is currently in the process of customizing the card’s off-the-shelf version to match the customer’s exact requirements, and will then roll out production. Initial deliveries are scheduled to begin towards the end of 2025, followed by a ramp-up through 2026. Once the full run rate is achieved, revenues related to the Design Win are expected to reach $4M per year.
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