Sondrel wins $23M video processing chip design and supply contract

Sondrel (Holdings) plc announced on February 27, 2024, that it has won a new design and supply contract for a next-generation video processing chip with a total estimated value of US$23 million. The initial contract value is over US$9 million for design and qualification phases, with production revenue of US$14 million expected over 10 to 15 years starting in 2026.

“Sondrel Awarded Material Video Processing ASIC design and supply contract for a leading provider of High-Performance Video systems.”markets.ft.com

• 3 sources
• markets.ft.comNew Contract Win and Corporate Update – Company Announcement - FT.comFeb 27, 2024
• advfn.comSondrel (Holdings) plc Further re Material ASIC contractRNS Regulatory NewsMar 25, 2024
• investegate.co.ukFurther re Material ASIC contract | Company Announcement | InvestegateInvestegateMar 25, 2024

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