SEALSQ Continues to Make Progress on Post-Quantum Engineering Roadmap and Leverages New Hardware Platform to Develop Custom Application Specific ICs (ASICs)
30 April 2024 - 10:00PM
SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"),
a company that focuses on developing and selling Semiconductors,
PKI and Post-Quantum technology hardware and software products,
today announced that it has initiated the production phase of
engineering samples of its new QS7001™ quantum resistant hardware
platform. Concurrently, the Company is leveraging on this design to
develop custom ASICs for several large players in the market.
As a result of the Company’s investments and
focus on the QUASARs post-quantum project, the engineering team is
progressing at a fast pace on the development roadmap. Following
the completion of the design phase, the team has now moved on the
next step, initiating production of the first engineering samples
which are expected to be delivered to SEALSQ by its suppliers
before year end.
The QS7001™ RISC V quantum resistant platform
will serve as the base for SEALSQ’s next generation Post Quantum
Secure Microcontroller and TPM products: VaultIQ™. The chips
hardware will be compliant with the demanding Common Criteria EAL5+
certification level, while the firmware running CRYSTAL’s
post-quantum algorithms “Kyber” and “Dilithium” will be NIST FIPS
140-3 certified.
SEALSQ has also initiated a strategic move to
leverage on the new chip’s powerful hardware architecture
capabilities by approaching several large electronic manufacturers
to discuss the development of custom quantum resistant chips
derived from the QS7001 and integrating application specific
customer requirements. By entering the segment of post-quantum
ASICs, the Company is taking a strategic step in its commercial and
industrial strategy, paving the way for a significant new pipeline
of business opportunities and revenues.
From a financial point of view, ASICs
development contracts typically feature an anticipated and
significant pay-off from the customer to cover non-recurring
expenses corresponding to engineering development fees. From an
industrial perspective, this initiative is particularly aligned
with SEALSQ’s current project to build a Semiconductor Design and
Personalization center as its engineering resources will fuel the
Company’s upcoming ASICs activity.
About ASICsASICs are
specialized integrated circuits designed to perform specific
functions or tasks within a particular application domain. They
offer advantages such as higher performance, lower power
consumption, and reduced size and cost compared to alternative
solutions like field-programmable gate arrays (FPGAs) or
general-purpose microcontrollers.
Overall, the ASIC market is characterized by
steady growth, driven by technological advancements and increasing
demand for customized solutions across various industries.
- Market Size: The
global application specific integrated circuit market size was USD
17.99 billion in 2022 and is expected to hit around USD 35.89
billion by 2032 with a registered CAGR of 7.20% from 2023 to
2032.
- Application Areas:
ASICs find applications in telecommunications, automotives,
consumer electronics, industrial automation, and healthcare.
- Technology Trends:
Advancements in process nodes and packaging technologies enable
higher integration, improved performance, and lower power
consumption, particularly for AI, IoT, and 5G applications.
- Emerging Markets:
Demand is rising for low-power ASICs in IoT and sensor
applications, as well as for ASICs used in ADAS, autonomous
vehicles, and EVs in the automotive sector.
- Security Concerns:
ASIC vendors are integrating hardware-based security features such
as encryption and authentication to address cybersecurity threats,
especially in IoT and cloud computing.
About post-quantum
microcontrollersPost-quantum microcontrollers are being
developed to integrate post-quantum cryptographic algorithms and
security features. Key activities include research, integration of
algorithms, adding hardware-based security features,
standardization, deployment in various applications, and raising
awareness about their importance. These microcontrollers aim to
secure digital systems against potential threats posed by quantum
computing technology.
About SEALSQ:SEALSQ 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, Medical and Healthcare 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 the expected
success of our technology strategy and solutions for IoMT Security
for Medical and Healthcare sectors, SEALSQ's ability to implement
its growth strategies, SEALSQ's ability to continue beneficial
transactions with material parties, including a limited number of
significant customers; 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.
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 |
SEALSQ (NASDAQ:LAES)
Historical Stock Chart
From May 2024 to Jun 2024
SEALSQ (NASDAQ:LAES)
Historical Stock Chart
From Jun 2023 to Jun 2024