#VELA investee co. #ENSI EnSilica PLC – Siemens AG Award Design & Supply Contract September 12, 2024 – Posted in: Uncategorized

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has been awarded an additional ASIC design and supply contract by Siemens AG (“Siemens”), the multinational technology conglomerate (the “Contract”). The NRE (non-recurring engineering) component of the Contract will commence in calendar year 2025, with the initial production phase expected to start in Q4 2027. Siemens incorporates ASICs in various industrial automation systems, including their programmable…