Ensilica scores additional ASIC design and supply contract with Siemens.
Chip maker Ensilica said on Thursday that it has been awarded an additional ASIC design and supply contract by multinational technology conglomerate Siemens.
EnSilica
12 September 2024 10:42:22
Source: Sharecast
Ensilica said the non-recurring engineering component of the contract will commence in 2025, with the initial production phase expected to start in Q427.
The AIM-listed group highlighted that the contract win supports current market expectations for both the current financial year and the next.
Chief executive Ian Lankshear said: "We are proud to have been awarded an additional ASIC design and supply contract with Siemens, one of the market leaders in the fast-growing segment of process automation. The award of this contract further reinforces our reach within the industrials sector, alongside enhancing our reputation for being an ASIC partner of choice."
As of 1040 BST, Ensilica shares had rallied 7.96% to 52.90p.
Reporting by Iain Gilbert at Sharecast.com
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
