REG - Sondrel (Holdings) - Statement re Share Price Movement

Sondrel (Holdings)Announcement

08/02/2024 08:45

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RNS Number : 4863C  Sondrel (Holdings) plc  08 February 2024

8 February 2024

 

Sondrel (Holdings) plc

("Sondrel", the "Company" and together with its subsidiaries the "Group")

 

Statement re Share Price Movement

 

Sondrel (AIM:SND), a leading provider of ultra-complex chips for leading
global technology brands, notes the movement in its share price and recent
press speculation.

 

Sondrel remains one of only a few companies capable of designing and supplying
higher-spec, complex chips built on the most advanced semiconductor
technologies, and the Group's customer base continues to include leading
global technology brands.

 

The Company remains encouraged that demand for Sondrel's ASIC services,
including in the US, remains strong and that the Group continues to trade in
line with current market expectations with a number of new ASIC business
opportunities at advanced stages of negotiation. The Group does not comment on
the identity of customers.

 

For further information:

 

 Sondrel (Holdings) plc                                        Via Buchanan
 Graham Curren, CEO                                            Tel: +44 (0) 20 7466 5000
 Nick Stone, Interim CFO

 Cavendish Capital Markets Limited                             Tel: +44 (0) 20 7220 0500
 Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
 Michael Johnson - Sales

 Buchanan Communications                                       Tel: +44 (0) 20 7466 5000
 Chris Lane                                                    sondrel@buchanan.uk.com (mailto:sondrel@buchanan.uk.com)

 Stephanie Whitmore
 Abby Gilchrist

 

About Sondrel

Sondrel is a UK-based fabless semiconductor company specialising in high end,
complex digital Application Specific Integrated Circuits (ASICs) and System on
Chips (SOCs). It provides a full turnkey service in the design, prototyping,
testing, packaging and production of ASICs and SoCs.

 The Company is one of only a few companies capable of designing and
supplying the higher-spec chips built on the most advanced semiconductor
technologies, selling into a range of hyper growth end markets such as
high-performance computing, automotive, artificial intelligence, VR/AR, video
analytics, image processing, mobile networking and data centres.  Sondrel
designs have enabled products by leading technology brands including Apple
(iPhone), Sony (PlayStation), Meta's (Oculus), Samsung, Google and Sony
smartphones, JVC (prosumer camcorders), Tesla and Mercedes-Benz cars.

 

Sondrel is well-established, with a 20-year track record of successful
delivery, supported by long standing ecosystem partnerships including Arm,
TSMC and Samsung. Headquartered in the UK, Sondrel has a global presence with
offices in UK, USA, China, India and Morocco.

For more information please visit: ir.sondrel.com
(http://www.ir.sondrel.com/) .

 

 

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