Silicom Ltd. (NASDAQ:SILC) Q1 2024 Earnings Call Transcript

But I can add a little bit color on that. Is that on one of the product families we’re developing it together with for a customer of ours that already committed to the product. And it’s also being developed together with a major chipset vendor and the second product family, it actually adds some critical features to our Edge products. So it’s within our existing customer base of our Edge products. And they need some very critical features that are not found in common products. So there is a level of customization here and it will allow them to deploy those products in areas and environments are not able to do so today. So we think that could be very big as well. I hope I got to do…

Unidentified Analyst: Yeah, I think it was really more about two new product families rather than maybe two opportunities. So that a lot. Yeah. Thanks. And then you have sort of a relationship with a company in the AI space. Is that panning out at all result in any opportunity for you – artificial intelligence?

Liron Eizenman: Yeah, sure, sure. So in the AI space right now, yeah, we do have a few AI vendors, chief vendors we’re working with. Right now we’re in PoC stage. There’s no design wins yet. It’s definitely one area that we’re looking at. And right now it’s PoC stage with a few customers. I cannot add much more than that right now, apart from the fact that we were hopeful maybe some of those will materialize into, into a product. Halo [ph] is one of those vendors, an Israeli company as well. So very close to them, working with them closely. We hope it will generate maybe another pipeline of new deals as well.

Unidentified Analyst: Okay, great. Well, thanks for taking my questions. Thanks.

Liron Eizenman: Thank you. Operator?

Operator: There are no further questions at this time. Before I ask Mr. Eizenman to go ahead with his closing statement, I would like to remind participants that a replay of this call will be available by tomorrow on Silicom’s website, www.silicom-usa.com. Mr. Eizenman, would you like to make your concluding statement?

Liron Eizenman: Thank you, operator. Thank you, everybody, for joining the call and for your interest in Silicom. We look forward to hosting you on our next call in three months. Good day.

Operator: Thank you. This concludes Silicom’s first quarter 2024 results conference call. Thank you for your participation. You may go ahead and disconnect.