LONDON (ShareCast) - (Sharecast News) - Chip maker EnSilica said on Tuesday that chief financial officer Matthew Wethey has stepped down from his position at the company.
EnSilica said Wethey, who played a key role in managing the company through its initial public offering, will be succeeded on an interim basis by Chris Mann.

The AIM-listed group stated it had already begun a process to appoint a permanent successor, with a further announcement set to be made in due course.

Elsewhere, EnSilica said it has extended the scope of work with an existing customer in the communication market for additional ASIC design and production support.

EnSilica now anticipates the contract will generate an additional $1.3m in revenues from design and production work over the course of the current financial year and across the 2024 financial year.

It also expects to realise first royalty revenues from the contract in December 2024, with total customer forecasted royalties over the following five years now estimated to increase from $5.0m to $15.0m over this five-year period.

As of 0925 BST, EnSilica shares were up 2.9% at 71.0p.





Reporting by Iain Gilbert at Sharecast.com

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