New ASIC Supplier Partnership Agreement

RNS Number : 9310R

EnSilica PLC

11 July 2022

 

11 July 2022

EnSilica plc

("EnSilica", the "Company" or the "Group")

New Engineering Team and associated IP

&

New ASIC Supplier Partnership Agreement

The new team extends EnSilica's core capabilities across the satellite communication and 5G markets

EnSilica (AIM:ENSI), a leading chip maker of mixed signal ASICs ("Application Specific Integrated Circuits"), is pleased to announce the hiring of an ASIC implementation team, comprising of six skilled engineers, and the purchase of related non-core IP assets from Blu Wireless Technologies Limited ("Blu Wireless").

The Blu Wireless team will strengthen EnSilica's presence in advanced node ASIC design and implementation, having developed expertise across various Taiwan Semiconductor manufacturing . Company Ltd ("TSMC") technologies from 28nm down to 7nm fin-shaped field-effect transistors ("FinFet"). The Company has acquired the related design flow IP used by the team from Blu Wireless for a non-material cash payment.

The new team will be located in EnSilica's new Bristol facility, which will give EnSilica the opportunity to take advantage of the excellent engineering talent in the area.

In addition, EnSilica will partner with Blu Wireless to support the deployment of Blu Wireless' high performance communication processor IP solution called HYDRA.. EnSilica will be acting as the ASIC design and fabless semiconductor supplier.

Blu Wireless is a Bristol based technology company, backed by Arm, Renesas, Calculus Capital and others, specialising in wireless mmWave multi-gigabit applications through high performance, scalable and flexible  equipment, deployed across complex environments in defence, 5G cellular networks, smart cities and high-speed transport.

Ian Lankshear, Chief Executive Officer of EnSilica plc commented:

"We are delighted to be welcoming such a skilled and experienced team to EnSilica, which we believe will form a strong platform to attract talent in the Bristol area, alongside strengthening EnSilica's presence in advanced node ASIC implementation.

Working closely with Blu Wireless, as a quality silicon proven IP provider, enhances EnSilica's offering in the satellite communication and 5G markets, driven by their multi-gigabit silicon products specialising in low-power consumption."

Alan Jones, Chief Executive Officer Blu Wireless added:

"We look forward to working with EnSilica and the exciting opportunities that this partnership will bring. Blu Wireless already has a strong customer engagement track record, which we believe will be further enhanced by this partnership."

For further information please contact:

EnSilica plc Ian Lankshear, Chief Executive Officer Matthew Wethey, Chief Financial Officer www.ensilica.com	Via Vigo Consulting [phone]
Allenby Capital Limited, Nominated Adviser & Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington/Tony Quirke (Sales & Corporate Broking)	Tel: [phone] [e-mail]
Vigo Consulting (Investor & Financial Public Relations) Jeremy Garcia / Tara Benniman ensilica @vigoconsulting.com	[phone]

About EnSilica

EnSilica is a leading fabless design house focused on custom ASIC design and supply for OEMs and system houses, as well as IC design services for companies with their own design teams. The company has world-class expertise in supplying custom RF, mmWave, mixed signal and digital ICs to its international customers in the automotive, industrial, healthcare and communications markets. The company also offers a broad portfolio of core IP covering cryptography, radar and communications systems. EnSilica has a track record in delivering high quality solutions to demanding industry standards. The company is headquartered near Oxford, UK and has design centres across the UK and in Bengaluru (Bangalore), India and Porto Alegre, Brazil.

About Blu Wireless

Blu Wireless is disrupting the market with mmWave wireless system solutions that are driving technological change to meet global connectivity needs, both now and in the future. Trusted partners of the world's biggest names in telecommunications, Blu Wireless works together with its customers to provide complete design, testing and validation, serving emerging markets in high speed transport, 5G cellular backhaul, defence and smart cities. Blu Wireless has assembled a world class engineering team principally based in Bristol, UK.

www.bluwireless.com

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