The full details of the project will be
presented during the SEALSQ first Analyst and
Investor Day on April 1, 2024 at the Nasdaq Market
Site
Interested parties must confirm
attendance (in person or via
webcast) by registering using the following
link: https://www.sealsq.com/investors/events-in-person-registration
SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a leader in
the fields of Semiconductors, PKI, and Post-Quantum technology,
today announced the establishment of SEALSQ USA Ltd (“SEALSQ USA”)
in Phoenix, Arizona as part of its plan to create an Open
Semiconductors Assembly and Test (“OSAT”) Center in the U.S. by end
of 2025. The U.S.-based OSAT center would provide testing services
such as the wafer test and final test, in addition to assembly
services such as QFN, BGA, WLCSP, and more.
SEALSQ's decision to select Arizona as the hub for its USA
presence is strategic, largely due to Arizona's prominent position
in the global semiconductor industry:
- Presence of Leading Semiconductor Companies: Arizona has become
a hotspot for the semiconductor industry, housing some of the
world's leading companies in this sector. This creates a vibrant
ecosystem conducive to growth, collaboration, and innovation. For a
company like SEALSQ, being in close proximity to these industry
leaders can offer significant advantages in terms of partnerships,
industry insights, and competitive dynamics.
- Specialized High-Tech Supply Chain: Arizona's semiconductor
industry is supported by a highly specialized, high-tech supply
chain. This means that companies operating in Arizona have access
to advanced materials, components, and services tailored
specifically to the needs of the semiconductor industry. This
specialized supply chain can significantly reduce logistical
challenges, improve efficiency, and lower costs for companies like
SEALSQ.
- Innovative Environment: Arizona's semiconductor sector is known
for its innovative ideas and practices, spanning from research and
development to manufacturing processes. Being part of such an
innovative environment can foster creativity and encourage SEALSQ
to push the boundaries of its own technological advancements and
product offerings.
- Skilled Workforce: The presence of leading semiconductor
companies and a high-tech ecosystem naturally attracts a skilled
workforce with expertise in various aspects of semiconductor
manufacturing and technology. SEALSQ can benefit from this talent
pool for its operations, research, and development activities.
- Strategic Location: Arizona's geographic location offers
strategic advantages, including access to major markets within the
USA and proximity to other tech hubs in the Western United States.
This can facilitate easy distribution and logistics, as well as
collaboration with other companies and institutions.
Arizona provides a comprehensive and conducive ecosystem for
semiconductor companies. For SEALSQ, leveraging this ecosystem
would mean tapping into a network of leading companies, a
specialized supply chain, a pool of skilled talent, and a culture
of innovation, all supported by favorable government policies. This
strategic choice positions SEALSQ to effectively scale its
operations, innovate, and compete in the U.S. market.
The SEALSQ OSAT initiative encompasses the development of
Semiconductor Personalization Centers through Public-Private
Partnerships (PPP). SEALSQ is currently in negotiation for
three major projects in Europe, the Middle East, and the Far East
to implement similar processes, run by experienced
hardware designers to create the chip design using RISC-V
technology. The chips will still be built locally at the SEALSQ
centers, ensuring they meet the highest security standards and
certifications from bodies such as Common Criteria and NIST.
The US-based OSAT would focus on the SEALSQ (Semiconductor,
Efficient Architecture for Long-term Security Quantum)
semiconductors and post-quantum cryptography having the potential
to herald a transformative era for semiconductor technology, whilst
researching opportunities to incorporate artificial intelligence
(AI) into the technology,. This delves into the technical
underpinnings and potential impacts of this integration, exploring
how it paves the way for a new generation of semiconductors that
are poised to redefine security, efficiency, and intelligence in
digital systems.
Governments, including the U.S. and EU, are currently
establishing incentives to increase supply chain resilience,
highlighting the need for developments such as SEALSQ’s proposed
OSAT. In the US, the International Technology Security and
Innovation (ITSI) Fund, appropriated under the Creating Helpful
Incentives to Produce Semiconductors (CHIPS) Act of 2022, provides
the Department of State with $500 million — $100 million per year
over five years, starting in Fiscal Year 2023 — to promote the
development and adoption of secure and trustworthy
telecommunications networks and ensure semiconductor supply chain
security and diversification. To learn more, visit
www.state.gov/the-u-s-department-of-state-international-technology-security-and-innovation-fund/.
The EU Chips Act likewise aims to increase supply chain
resilience, though is also meant to safeguard European sovereignty
and strategic autonomy with a 45-billion-euro budget.
Carlos Moreira, CEO of SEALSQ, emphasizing the significance of
this strategic development, noted, "In today's tech-driven world,
control over semiconductor supply is not just an economic
advantage, it is a national security imperative. Our initiative
empowers countries to establish local semiconductor personalization
centers, ensuring uninterrupted access to these critical
components."
The US-based OSAT would represent a pioneering approach to
integrating quantum-resistant cryptographic capabilities directly
into semiconductor architectures. This innovation is critical in
the face of emerging quantum computing threats, which render
traditional encryption methods vulnerable. By embedding
post-quantum cryptographic algorithms at the hardware level, SEALSQ
semiconductors offer robust protection against both current and
future cryptographic challenges.
Post-quantum cryptography (“PQC”) is designed to secure
communications against the computational power of quantum
computers, which can easily break many of the cryptographic systems
currently in use. Integrating PQC into semiconductor architectures
involves leveraging lattice-based, hash-based, code-based, and
multivariate polynomial equations that are believed to be resistant
to quantum computing attacks. This integration ensures that data
encrypted by these semiconductors remains secure against
adversaries wielding quantum computing capabilities.
AI's Role in the New Generation of
SemiconductorsOnce the OSAT Arizona Center achieves its
intended goal of operational status by the end of 2025, in addition
to the traditional semiconductor activities outlined above, it is
intended specialize in researching the integration of Artificial
Intelligence (AI) into the semiconductor manufacturing process.
This integration would transcend mere performance enhancements or
smarter device production. It is expected that it will involve the
incorporation of adaptive, intelligent protocols directly into the
hardware for unmatched security and efficiency. AI's role is
anticipated to enable the monitoring and real-time adaptation to
new threats, along with the predictive management of power
consumption and the optimization of processing speeds and energy
efficiency tailored to specific workloads. Consequently, SEALSQ
semiconductors are expected to emerge as both quantum-resistant and
self-optimizing, capable of evolving to meet both new security
challenges and operational demands. This strategic focus would not
only mark a significant leap in semiconductor technology but also
would position the OSAT Arizona Center at the forefront of
developing semiconductors that are exceptionally secure and
incredibly efficient, addressing the pivotal needs of an era poised
on the brink of quantum computing breakthroughs.
About SEALSQSEALSQ focuses on selling
integrated solutions based on Semiconductors, PKI and Provisioning
services, while developing Post-Quantum technology hardware and
software products. Our solutions can be used in a variety of
applications, from Multi-Factor Authentication tokens, Smart
Energy, Smart Home Appliances, and IT Network Infrastructure, to
Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods
that are secure against an attack by a quantum computer. As quantum
computers become more powerful, they may be able to break many of
the cryptographic methods that are currently used to protect
sensitive information, such as RSA and Elliptic Curve Cryptography
(ECC). PQC aims to develop new cryptographic methods that are
secure against quantum attacks.For more information please
visit www.sealsq.com.
Forward-Looking StatementsThis communication
expressly or implicitly contains certain forward-looking statements
concerning SEALSQ Corp and its businesses. Forward-looking
statements include statements regarding our business strategy,
financial performance, results of operations, market data, events
or developments that we expect or anticipates will occur in the
future, as well as any other statements which are not historical
facts. Although we believe that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to have been correct. These
statements involve known and unknown risks and are based upon a
number of assumptions and estimates which are inherently subject to
significant uncertainties and contingencies, many of which are
beyond our control. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Important
factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements
include SEALSQ's ability to implement its growth strategies;
SEALSQ’s ability to generate revenue from emerging new
semiconductors; SEALSQ’s ability to generate revenue from Matter
certification and the new cyber trust mark standards; the
successful introduction of the WISeSat picosatellite constellation;
SEALSQ's ability to continue beneficial transactions with material
parties, including a limited number of significant customers;
SEALSQ’s ability raise funding with which to create an OSAT in the
markets mentioned; SEALSQ’s ability to successfully develop
semiconductor technology that incorporates AI; market demand and
semiconductor industry conditions; and the risks discussed in
SEALSQ's filings with the SEC. Risks and uncertainties are further
described in reports filed by SEALSQ with the SEC.SEALSQ Corp is
providing this communication as of this date and does not undertake
to update any forward-looking statements contained herein as a
result of new information, future events or otherwise.
Press and investor contacts
SEALSQ
Corp.Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@sealsq.com |
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611
/ lcati@equityny.comKatie MurphyTel: +212 836-9612
/ kmurphy@equityny.com |
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