The contract is for an Arm-based mixed signal sensor interface ASIC to be used across a range of automotive and industrial applications and the total value of the contract includes significant Non-Recurring Engineering (NRE) payments and supply revenues, which is estimated to exceed $18m over 7 years, based on quoted NRE fees and forecast production volumes.
EnSilica has significant experience in developing mixed signal design ASICs, alongside a proven track record of bringing automotive and industrial chips to high volume production.
The contract will commence in April 2025, with NRE revenues falling into EnSilica's current and next financial years, with supply revenues forecast to commence during 2027.
This deal will also materially increase the company’s chip supply pipeline, now valued at over $250m. The chip supply pipeline is the total expected lifetime chip supply revenues that the company has secured under customer contracts.
Commenting Ian Lankshear, CEO of EnSilica, "This is another exciting design win that enhances our growing portfolio of ASICs and further improves the visibility of our recurring revenues from chip supply. This new European customer is highly respected in the industry and has a strong track record of shipping its products in high volume.
“This contract is a testament to EnSilica’s ability to deliver high-quality, reliable solutions that meet the evolving needs of the marketand further demonstrates our team’s commitment to excellence and innovation which continues to drive our success and position EnSilica as a premier European ASIC supplier.”
