Silicom Ltd 6-K, filed Jul 6, 2023
Silicom Ltd. (SILC)
6-K
2023-07-06
For: 2023-07-06
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Added on
April 06, 2026
About this 6-K
Silicom Ltd filed this 6-K on July 6, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2023
Commission File Number 000-23288
SILICOM LTD.
(Translation of Registrant’s name into English)
14 Atir Yeda St., Kfar-Sava 4464323, Israel
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):___
On July 6, 2023, the Registrant issued a press release: “Silicom Launches Edge AI Product Line and Announces Partnership with Hailo”.
Attached hereto are the following exhibits:
This Form 6-K, including all exhibits hereto, is hereby incorporated by reference into all effective registration statements filed by
the registrant under the Securities Act of 1933.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SILICOM LTD.
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Date: July 6, 2023
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By
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/s/ Eran Gilad
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Eran Gilad
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Chief Financial Officer
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Exhibit 99.1
Silicom Launches Edge AI Product Line and Announces Partnership with
Hailo
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- 1st product released today: already in discussions and POCs with potential customers -
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KFAR SAVA, Israel – July 6, 2023 -
Silicom Ltd. (NASDAQ: SILC), a
leading provider of networking and data infrastructure solutions, today announced the first in a new line of Edge AI products, the first fruit of a new partnership that it has formed with Hailo, a leading Artificial Intelligence (AI) chipmaker.
The new product line integrates Hailo's AI-accelerators into Silicom’s existing Edge platforms, thereby solving performance challenges
for Edge AI use cases. As a result, Silicom’s products will be able to offer visual processing and AI inference at the edge at a uniquely attractive price/performance ratio.
“We are excited to bring this powerful new Edge AI solution, our first AI-focused product, to the market,” commented Liron Eizenman,
Silicom’s CEO. “By integrating Hailo’s groundbreaking chips into our products, we are making it cost-effective to move behavior analytics, human intrusion detection, facial recognition and vehicle analytics to the edge. This will help our customers
unlock new use cases and provide new revenue streams and more value to their customers. In fact, we are already engaged in POCs and in discussions with customers on different use cases.”
Hailo’s Chief Technology Officer Avi Baum added, “By integrating Hailo’s top performing AI accelerators into Silicom's Edge platforms,
we can deliver unmatched AI inference performance, enabling real-time decision-making and advanced object detection and classification at the Edge. The wide range of Silicom Edge products empowered by the Hailo AI accelerators provides coverage for
many Edge AI use cases.”
Mr. Eizenman continued, “Our partnership with Hailo is the first step in our AI journey and demonstrates our commitment to the Edge
market, which we view as a primary growth driver. This partnership adds a whole new range of Edge use cases to the long and growing list of those we already address. We are excited about the opportunity that is being created by the meteoric growth of
AI - and especially its need to solve training and inference networking problems in order to fully deliver on its promise.”
About Hailo
Hailo, an AI-focused chipmaker, is developing specialized AI processors that enable data center-class performance on edge devices.
Hailo’s processors are the product of a rethinking of traditional computer architecture, enabling smart devices to perform sophisticated deep learning tasks such as object detection and segmentation in real-time, with minimal power consumption,
size, and cost. The processors are designed to fit into a multitude of smart machines and devices, impacting a variety of sectors including automotive, security, industry 4.0, and retail.
About Silicom
Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. Designed primarily to
improve performance and efficiency in Cloud and Data Center environments, Silicom’s solutions increase throughput, decrease latency and boost the performance of servers and networking appliances, the infrastructure backbone that enables advanced
Cloud architectures and leading technologies like NFV, SD-WAN and Cyber Security. Our innovative solutions for high-density networking, high-speed fabric switching, offloading and acceleration, which utilize a range of cutting-edge silicon
technologies as well as FPGA-based solutions, are ideal for scaling-up and scaling-out cloud infrastructures.
Silicom products are used by major Cloud players, service providers, telcos and OEMs as components of their infrastructure offerings,
including both add-on adapters in the Data Center and stand-alone virtualized/universal CPE devices at the edge.
Silicom’s long-term, trusted relationships with more than 200 customers throughout the world, its more than 400 active Design Wins and
more than 300 product SKUs have made Silicom a “go-to” connectivity/performance partner of choice for technology leaders around the globe.
For more information, please visit: www.silicom.co.il
Statements in this press release which are not historical
data are forward-looking statements which involve known and unknown risks, uncertainties, or other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different
from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, Silicom's increasing dependence for substantial revenue growth on a limited number of customers in
the evolving cloud-based, SD-WAN, NFV and Edge markets, the speed and extent to which solutions are adopted by these markets, likelihood that Silicom will rely increasingly on customers which provide solutions in these evolving markets, resulting
in an increasing dependence on a smaller number of larger customers, difficulty in commercializing and marketing of Silicom's products and services, maintaining and protecting brand recognition, protection of intellectual property, competition, disruptions
to our manufacturing, sales & marketing, development and customer support activities, the impact of the war in Ukraine, rising inflation, rising interest rates,
volatile exchange rates and commodities’ prices, as well as any continuing or new effects resulting from the COVID-19 pandemic, and the global economy uncertainty which may impact customer demand through their exercising greater caution and
selectivity with their short-term IT investment plans, as well as those other factors discussed in our Annual Report on Form 20-F and other documents filed by the Company and that may be subsequently filed by the company from time to time with the
SEC. These forward-looking statements can generally be identified as such because the context of the statement will include words, such as “expects,” “should,” “believes,”
“anticipates” or words of similar import. Similarly, statements that describe future plans, objectives or goals are also forward-looking statements. In light of significant risks and uncertainties inherent in forward-looking statements, the
inclusion of such statements should not be regarded as a representation by the company that it will achieve such forward-looking statements. The company disclaims any duty to update such statements, whether as a result of new information, future
events, or otherwise.
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Company Contact:
Eran Gilad, CFO
Silicom Ltd.
Tel: +972-9-764-4555
E-mail: erang@silicom.co.il
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Investor Relations Contact:
Ehud Helft
EK Global Investor Relations
Tel: +1 212 378 8040
E-mail: silicom@ekgir.com
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