LONDON (ShareCast) - (Sharecast News) - Chip maker EnSilica provide an update on its continued progress across a number of customer projects and new contract wins on Monday, ahead of its annual results on Tuesday.
EnSilica said the six ASIC design and supply contract wins announced earlier in year were "progressing well and remain on track towards their tape-outs" - the next major milestones for each ASIC.

EnSilica stated that one of the programmes has already achieved the successful tape-out of prototype analogue test circuits, validating key elements of the design ahead of full device completion, which was expected to take place in mid-2026.

The AIM-listed group also noted that it had recently secured "a number of new definition and feasibility study contracts", with confirmed orders totalling more than £1.6m in revenue.

EnSilica stated that should these engagements progress to full ASIC development and production, it could result in "significant" non-recurring engineering and supply revenue over several years.

Elsewhere, EnSilica said a new contract has been won to develop an enhanced radio frequency vehicle tolling prototype chip, with the potential to lead to a long-term, high-volume supply agreement with an established European vehicle tolling systems provider, and noted that it has achieved "a major shipment milestone" of over ten million ASICs delivered for use in a premium automotive manufacturer's vehicles.

Chief executive Ian Lankshear said: "EnSilica continues to execute strongly across our project portfolio, with a number of key programmes moving into the key implementation phases. The recent customer engagements and funded feasibility contracts further strengthens our design and supply pipeline, and highlights the strength of our highly differentiated technology offering in the space communications sector and Post Quantum Cryptography IP that spans all our focus sectors.

"The 10m shipment milestone achieved for our automotive customer highlights our ability to design and supply ASICs that not only meet the highest standards of reliability and safety but also scale rapidly to volume production for world-leading OEMs. We will continue to capitalise on the continued demand for custom silicon across our key growth markets, which both underpins further cash flow alongside providing us with increasing confidence in the business."

As of 0950 GMT, EnSilica shares were up 6.25% at 45.69p.



Reporting by Iain Gilbert at Sharecast.com

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