EnSilica announced a USD 7 million order from a new customer (the "Order"). The Order is for the masking - being the non-recurring engineering ("NRE") component - and initial wafer supply for an edge artificial intelligence ("AI") processing chip. Based on the customer forecasts, approximately USD 5 million of revenue is expected to fall into the Company's current financial year.

There is a further potential supply revenue of more than USD 50 million over the first five years of production. In addition to the Order, the Company announced that it has received more than USD 2 million of services and NRE bookings since the beginning of the Company's current financial year, which started on 1 June 2024. Edge AI is where AI computation occurs near the user at the edge of the network, close to where the data is located, rather than centrally in a cloud computing facility or private data centre.