#VELA investee co. #ENSI EnSilica PLC – Awarded initial mandate for telecoms ASIC December 22, 2023 – Posted in: Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading chip maker of mixed-signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has entered into an exclusive and binding Letter of Intent for the development and supply of a high-end ASIC for use in telecommunications infrastructure (the “Agreement”), with work commencing next month.   The Agreement has been awarded by an established telecommunications equipment supplier and provides for the commencement of the ASIC specification and then design…

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