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.
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