Quicklogic - QUIK STOCK NEWS

QuickLogic (NASDAQ: QUIK) has announced the release of Aurora 2.9, an enhanced version of its eFPGA design software tool. The update introduces several key improvements, including a BlockRAM and DSP IP Configurator for better on-chip memory and DSP functions integration, up to 2X faster Place and Route (P&R) tools runtime, and custom function support through LUT macros.

The new version features improved Integrated Path Analysis (IPA) startup time and includes optional Synopsys Synplify logic synthesis in the Aurora PRO version. These enhancements aim to improve Quality of Results (QoR) and resource utilization efficiency, particularly benefiting engineers familiar with Synplify synthesis tools.

QuickLogic (NASDAQ: QUIK) has announced the integration of Synopsys Synplify® synthesis tool into its FPGA User Tools. This strategic integration aims to enhance QuickLogic's design environment by accelerating FPGA-based design cycles and improving Power, Performance, and Area (PPA) metrics.

The integration provides several key advantages, including enhanced Quality of Results (QoR) through Synplify's synthesis algorithms that maximize logic efficiency, performance, power consumption, and silicon area. Additionally, as Synplify is an industry-leading FPGA Synthesis tool, developers familiar with it can expect a faster, smoother synthesis cycle to meet project timelines.

QuickLogic (NASDAQ: QUIK) has announced its participation at the Chiplet Summit from January 21-23, 2025, at the Santa Clara Convention Center. The company, collaborating with YorChip, will showcase its FPGA, eFPGA, and IP solutions at Booth #323, demonstrating how these technologies serve as building blocks for creating low-power, flexible chiplets.

The exhibition will highlight three key aspects: the Known Good Chiplet Storefront featuring compatible chiplets with Universal PHY™ support, their Platform & Ecosystem that accelerates time-to-market, and Heterogeneous Integration capabilities for combining diverse technologies into unified solutions.

QuickLogic (NASDAQ: QUIK) has announced a new distribution agreement with Magenta Technology , expanding its market presence in Turkiye and the UAE. The partnership aims to deliver QuickLogic's embedded FPGA (eFPGA) Hard IP and ruggedized FPGA solutions to key sectors including defense, aerospace, and telecommunications in these regions.

The collaboration leverages Magenta's local expertise and extensive customer base in the Middle East, with the Ankara-based company serving as a critical technologies and components supplier. Owen Bateman, QuickLogic's VP of worldwide sales, highlighted the strategic importance of reaching key target customers through Magenta's regional presence, while Magenta's Managing Partner Volkan Tunarli emphasized the value addition to their portfolio.

QuickLogic (NASDAQ: QUIK) announced its Board of Directors is exploring strategic options for its wholly-owned subsidiary, SensiML, including potential sale discussions with strategic partners. The decision comes as QuickLogic aims to focus entirely on its core eFPGA Hard IP and ruggedized FPGA business.

The strategic shift is driven by recent successes, including eFPGA Hard IP design wins with strategic customers, expansion of government contracts, performance improvements in eFPGA Hard IP products, changes in the competitor landscape, and increased customer interest from former competitors' clients.

While SensiML's AI/ML capabilities initially aligned with QuickLogic's sensor processing focus, the company has decided to redirect all resources toward its core business model and Storefront opportunities due to the profitability of its eFPGA Hard IP and ruggedized FPGA products.

QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP, ruggedized FPGAs and Endpoint AI solutions, has announced its participation in two upcoming investor conferences. Management will present at the 27th Annual Needham Growth Conference in New York City on January 15, 2025, at 3:45 PM ET at the Lotte NY Palace Hotel. Additionally, the company will participate in the virtual Oppenheimer 10th Annual Emerging Growth Conference on February 26, 2025, offering one-on-one meetings.

Interested investors can contact QuickLogic Investor Relations or their Needham and Oppenheimer representatives to participate. A webcast of the Needham conference presentation will be available on the company's investor relations website, along with the investor presentation materials.

QuickLogic (NASDAQ: QUIK) has secured a $6.575 million contract for its Strategic Radiation Hardened (SRH) program, marking the fourth tranche of funding in a multi-year initiative that began in August 2022. The contract supports the development and demonstration of SRH high-reliability Field Programmable Gate Array (FPGA) technology aimed at meeting Department of Defense (DoD) strategic and space system requirements. As Prime Contractor, QuickLogic has now received over $33 million in total funding for this specialized program, which focuses on delivering innovative FPGA technology for the Aerospace and Defense Industrial Base (DIB).

QuickLogic (NASDAQ: QUIK) has appointed Andy Jaros as Vice President of IP Sales, effective immediately. Jaros brings over two decades of leadership experience in semiconductor IP and embedded systems from companies including ARM, Virage Logic, Synopsys, and FlexLogix. He will report directly to CEO Brian Faith.

The appointment aims to support the growing market demand for eFPGA solutions. QuickLogic's Australis automated eFPGA IP Generator positions the company to support new customers quickly and cost-effectively. The company leverages its 30-year experience in programmable logic solutions, including FPGA devices, eFPGA Hard IP, and fab management services through its Storefront service.

QuickLogic (NASDAQ: QUIK) will showcase its embedded FPGA (eFPGA) hard IP solutions at Space Tech Expo Europe 2024 in Bremen, Germany from November 19-21, 2024. The company's solutions are specifically designed for aerospace and space sectors, offering high-performance, low-power options with pre-verified, silicon-proven reliability. QuickLogic's eFPGA Hard IP, based on 100% silicon proven standard cells, includes radiation tolerant/hardened options and reduces development time, cost, and risk through pre-optimization for specific manufacturing nodes.