- Silicom Ltd. (SILC, Financial) secures a $4 million annual design win with a Fortune 500 cloud service provider.
- Initial delivery of FPGA Smart NICs is scheduled for late 2025, with a production ramp-up in 2026.
- Potential for additional business opportunities as Silicom explores worldwide deployment with the new customer.
Silicom Ltd. (SILC), a leading provider of high-performance networking and data infrastructure solutions, has announced a significant partnership with a Fortune 500 cloud-based service provider in North America. This collaboration is expected to generate $4 million annually, marking a crucial FPGA Smart NIC design win for the company.
Following a detailed technical evaluation lasting one year, the customer opted for Silicom's advanced card, which will undergo customization to align with specific requirements. The initial deliveries are slated for late 2025, with production increasing throughout 2026 to achieve the full revenue potential.
Liron Eizenman, CEO of Silicom, expressed excitement over this achievement, stating, "This victory showcases the performance advantages of our technology, enabling our new partner to maintain superior services amidst growing data volumes and heightened security concerns." Eizenman also emphasized the potential for additional supply of components and systems for global deployment, positioning this as a foundation for a long-term partnership.
The company is optimistic about expanding its footprint with the new client, aiming for a comprehensive business relationship that leverages Silicom's expertise in networking and data infrastructure solutions. The deal underscores the robust performance and reliability of Silicom’s offerings, potentially opening doors for further collaborations within the industry.
