Ensilica PLC (GB:ENSI) has released an update.
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EnSilica PLC, a prominent fabless chip manufacturer, has secured its first production order for an Arm-based Industrial Controller ASIC from a key European OEM, with anticipated production revenues surpassing US$30m over the next seven years. The ASIC, which is crucial for factory automation systems, marks the company’s fourth in production, highlighting its growing pipeline and potential for strong recurring revenues. EnSilica specializes in custom ASIC design and supply across various markets, including automotive, industrial, healthcare, and communications.
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