Sondrel finalizes $23 million video chip design and supply contract

Sondrel concluded negotiations for a $23 million design and supply contract for a next-generation video processing chip. The initial phase is valued at over $9 million, with production revenues of $14 million expected over 10-15 years starting in 2026.

“This is a substantial design and supply contract for Sondrel and a demonstration of the group's ability to provide the most complex engineering expertise required for these next generation technologies.”pilling.co.uk

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• pilling.co.ukSondrel strikes deal for next phase of video chip contractSharecast NewsMar 21, 2020

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