Silicom unveils innovative product line, secures $3.5M order and initial design win

• New product line strengthens Silicom's positioning as a "one-stop-shop" for Edge platform needs
• Discussions and POCs underway with AI, cybersecurity, SASE and additional prospects

Silicom Ltd. (NASDAQ: SILC), a leading provider of networking and data infrastructure solutions, today launched a new line of advanced high-end Edge platforms together with a major design win and initial $3.5 million order.

The order for these feature-rich, high compute-power products was placed by a security solution vendor, one of Silicom's long-time customers, to support its advanced compute and networking-intensive use cases. Deliveries of first production units are planned for the first quarter of 2024.

In parallel, Silicom is in discussions and POCs regarding these products with other customers and prospects for a diverse range of AI, cybersecurity, SASE, SD-WAN, content delivery and additional applications.

"Our decision to develop this new Edge product line followed demand from both major customers and strategic prospects," commented Liron Eizenman, Silicom's CEO. "They turned to us as a trusted and well-established Edge leader to provide them with a new breed of Edge platforms – each with highly attractive cost/performance ratios - to support their compute-intensive use cases.

"Even now, at this early stage, the fact that these products can address such a broad range of use cases is opening up significant new opportunities for us, such as an AI inference application that we are discussing with a large telco in cooperation with a leading AI ASIC vendor," continued Mr. Eizenman. "This confirms the breadth and depth of the Edge market as a whole, and its potential to serve as a long-term growth driver for Silicom."