# 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.

- Type: Contract
- Announced: 2024-02-27
- Value: $23.0M
- Status: announced
- Products: video processing chip
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Sondrel](https://endata.com/companies/24275.md)

## Sources

- [markets.ft.com](https://markets.ft.com/data/announce/detail?dockey=1323-16349813-1EDKT0MAR15255BN7KUB3IMF0O), 2024-02-27: "Sondrel Awarded Material Video Processing ASIC design and supply contract for a leading provider of High-Performance Video systems."
- [advfn.com](https://www.advfn.com/stock-market/london/SND/stock-news/93538387/sondrel-holdings-plc-further-re-material-asic-cont), 2024-03-25: "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."
- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/sondrel-holdings---snd/further-re-material-asic-contract-/8103616), 2024-03-25: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.