Vela Technologies #VELA investee co EnSilica #ENSI announces major Telecommunications ASIC Contract valued over US$30m September 2, 2024 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has signed a significant ASIC design and supply contract (the “Contract”) with a leading European telecommunications equipment provider (the “Client”). This Contract finalises the preliminary terms of an agreement originally announced on 22 December 2023, with the total value, including NRE (non-recurring engineering) and supply, projected to exceed US$30 million over a ten-year period, based on…