Silicom Ltd. has announced a significant contract win for its FPGA Smart NIC technology from a new Fortune 500 customer, a cloud-based service provider in North America. The decision followed a year-long evaluation process. Silicom will customize its card to meet specific customer requirements, with initial deliveries expected by late 2025 and a production increase through 2026. Once fully operational, the contract is projected to generate $4 million in annual revenue. CEO Liron Eizenman expressed pride in the selection, highlighting the performance benefits for the customer. Silicom aims to expand this relationship into a broader partnership for global deployment of their solutions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.