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IN BRIEF: Semiconductor designer Ensilica targets AIM IPO in late May

Tue, 10th May 2022 18:08

Ensilica PLC - Oxfordshire-based semiconductor designer and supplier with design centres in India and Brazil - Expects admission to London's Alternative Investment Market in late May. Since 2001, has been a supplier and designer of mixed-signal Application Specific Integrated Circuits, a type of integrated circuit or semiconductor chip developed for specific purposes, rather than general use. Its customer base consists of global corporations, original equipment manufacturers and technology start-ups. Details of initial public offering price or expected market capitalisation are yet to be confirmed.

"Ensilica provides an end-to-end service for the design and supply of ASICs, outsourcing certain elements of the manufacturing and packaging to third parties - otherwise known as a Fabless Semiconductor Model," the company explains.

The company is led by Mark Hodgkins as executive chair, with Ian Lankshear as chief executive officer.

Back in January, West Yorkshire, England-based investment firm Vela Technologies PLC said it had invested GBP750,000 in Ensilica's pre-float fundraise.

By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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