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Ensilica PLC ( (GB:ENSI) ) has issued an update.
EnSilica plc has secured a €2.13 million contract from the European Space Agency under the NAVISP Element 2 program, focusing on developing a key silicon component for next-generation GNSS capabilities. This initiative is part of EnSilica’s strategy to enhance its satellite communications market presence, supported by prior funding from the UKSA, and aims to bolster its position in the global PNT technology market.
More about Ensilica PLC
EnSilica plc is a leading fabless design house specializing in custom ASIC design and supply for OEMs and system houses, as well as IC design services. The company excels in providing custom RF, mmWave, mixed signal, and digital ICs across various sectors including automotive, industrial, healthcare, and communications. Headquartered near Oxford, UK, EnSilica operates design centers in the UK, India, and Brazil.
YTD Price Performance: -1.15%
Average Trading Volume: 92,530
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of ENSI stock, go to TipRanks’ Stock Analysis page.