Silicom announces design win from Tier-1 Chinese networking equipment company Silicom announced that it has secured a strategic new Design Win from a Tier-1 Chinese networking equipment giant. The customer has placed initial purchase orders for multi-port adapters to be used in a number of its servers and server-based networking equipment products and provided a short term forecast demonstrating an annual revenue potential of approximately $1M. In addition, the customer has indicated the potential for its annual purchase orders to reach several times this amount once it completes its migration to the Silicom products, a process which will be based on its experience with the Company and its performance over time.
News For SILC From The Last 14 Days
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Silicom secures first Silicom Coleto Creek design win Silicom announced that it has achieved its first design win for the recently-released Silicom Coleto Creek encryption and compression card. The design win is from one of Silicomís existing customers, a market-leading provider of smart network solutions, who will use Silicomís Coleto Creek and Silicom Quad-Port 10G Networking cards in one of its next-generation network appliances. The customerís decision to use the Coleto Creek card is part of its strategic decision to move towards an x86 Intel Architecture. Sales related to these design wins are expected to triple the revenues from this customer to approximately $1.5M per year. In parallel, discussions continue with another of the customerís teams regarding the use of a higher-end Coleto Creek card in an additional appliance.