EnSilica PLC on Wednesday said that it has been awarded a supply contract for application specific integrated circuits, catering to the e-mobility market.

According to the Abingdon, Oxfordshire-based semiconductor designer and supplier, the contract is worth in excess of $7 million over the first 5 years of supply.

EnSilica didn’t specify which company the contract was with.

The contract is for the design and supply of a mixed signal sensor ASIC for the e-mobility market, encompassing electric vehicles, electric two wheelers, e-bikes, and e-scooters.

The majority of the non-recurring engineering design element will be completed this financial year and will be fully funded by the customer. Production, manufacturing and supply is expected to begin in the middle of 2025 and run for at least five years.

‘We are pleased to announce this new supply contract in a key growth market undergoing significant innovation and adoption globally. The technological demands across the e-mobility market are similar to those of the automotive market, and we look forward to capitalising on our proven automotive expertise to further expand our market reach,’ said Chief Executive Officer Ian Lankshear.

EnSilica shares closed 12% higher at 74.19 pence each in London on Wednesday.

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