EnSilica has invoiced its first royalty payments for an ASIC it designed for use in Low Earth Orbit (“LEO”) satellites. Although not disclosed, our belief is that the client is Nasdaq listed AST SpaceMobile (ASTS, $12bn) which is launching a constellation of LEOs to create a cellular broadband network allowing standard smartphones to access broadband from anywhere in the world (on land, sea and in flight). Additionally, the total value of the estimated royalty stream (100% margin) has been incre ....
