EnSilica wins $30M ASIC supply contract for industrial OEM

EnSilica has won a tender to supply an ASIC for industrial and factory automation products to a leading European industrial OEM, with the contract valued at over US$30 million over seven years; production expected to start at end of 2024.

“The award is for the supply of an ASIC for industrial and factory automation products and based on projected volumes by the customer, is worth in excess of US$30 million over seven years.”ensilica.com

• 1 source
• ensilica.comEnSilica wins a significant industrial ASIC supply project - EnsilicaMay 25, 2022

Summarized from public sources; check the original articles before acting on it.