# EnSilica awarded $30M contract for timing controller ASIC

EnSilica was awarded a contract for the design and supply of a precision timing controller ASIC for high-value industrial test equipment, with a total projected value exceeding US$30 million over 10 years.

- Type: Contract
- Announced: 2024-11-11
- Value: $30.0M
- Status: announced
- Products: precision timing controller ASIC
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [EnSilica](https://endata.com/companies/14760.md)
- [Vela Technologies](https://endata.com/companies/81568.md) (investor)
- [Oriole Networks](https://endata.com/companies/81569.md) (customer)

## Sources

- [novuscomms.com](https://novuscomms.com/tag/asic/), 2024-12-06: "The total value of the Contract, including non-recurring engineering (“NRE”) and supply, is projected to exceed US$30m over 10 years"
- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/ensilica--ensi/new-contract-for-a-timing-controller-asic/8594095), 2024-12-06: "We are very pleased to have secured our fifth design and supply contract this financial year, demonstrating our strong market reach and technical offering."

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