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An update from Ensilica PLC ( (GB:ENSI) ) is now available.
EnSilica has secured a £10.38 million award from the UK Space Agency for a project under its Connectivity in Low Earth Orbit (C-LEO) programme, aimed at advancing chip development for satellite broadband hardware. This funding will support the development of semiconductor chips for mass market satellite broadband user terminals, enhancing their ability to connect with multiple satellite constellations. The award positions EnSilica to lead in the rapidly growing satellite communications sector, with the potential market for satellite user terminals projected to reach approximately US$16.5 billion by 2031. The project is set to enhance EnSilica’s technology capabilities and market presence, promising resilient internet connectivity solutions, especially for remote and underserved communities.
More about Ensilica PLC
EnSilica is a leading fabless design house specializing in custom ASIC design and supply for OEMs and system houses, as well as IC design services for companies with in-house design teams. The company provides expertise in custom RF, mmWave, mixed signal, and digital ICs, serving international customers across automotive, industrial, healthcare, and communications markets. EnSilica also offers a broad portfolio of core IP covering cryptography, radar, and communications systems, with design centers in the UK, India, and Brazil.
YTD Price Performance: -3.45%
Average Trading Volume: 113,171
Technical Sentiment Consensus Rating: Buy
See more data about ENSI stock on TipRanks’ Stock Analysis page.
