Welcome to our dedicated page for Quicklogic news (Ticker: QUIK), a resource for investors and traders seeking the latest updates and insights on Quicklogic stock.
Overview of QuickLogic Corporation
QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company specializing in innovative, customizable silicon solutions that are tailored for mobile, aerospace, defense, consumer electronics, and industrial IoT markets. At its core, QuickLogic leverages advanced embedded FPGA technology and programmable silicon to deliver customer specific standard products (CSSPs) designed to enhance time-to-market, reduce power consumption, and address the complex design challenges of modern electronic systems. The company combines embedded FPGA IP, discrete FPGAs, and FPGA SoCs with state-of-the-art software enabling rapid prototyping and integration of AI, voice, and sensor processing functionalities within diverse applications.
Product Portfolio and Technological Innovations
QuickLogic's product portfolio is robust and diversified. The company offers:
- Embedded FPGA (eFPGA) IP: Flexible and customizable programmable logic cores that enable system designers to integrate tailored logic and features into their hardware designs.
- Discrete FPGAs and FPGA SoCs: High-performance semiconductor solutions that allow for the integration of complex functionalities while maintaining low power and compact form factors.
- Endpoint AI & Machine Learning Software: Through its subsidiary SensiML Corporation, QuickLogic provides AI/ML software that accelerates the deployment of intelligent algorithms at the edge, complementing its hardware offerings.
These solutions empower customers to quickly adapt to rapid market changes and evolving design requirements using programmable and reconfigurable silicon technologies. The adoption of such systems enhances system flexibility, reduces design risks, and extends the product lifecycle, particularly in mission-critical applications.
Industry Relevance and Market Position
QuickLogic operates in the highly competitive semiconductor sector, where the demand for low-power, compact, and versatile silicon solutions is incessant. By focusing on the specific needs of mobile and portable electronics OEMs and ODMs, as well as sectors like aerospace and defense, the company has positioned itself as a key enabler in markets that require rapid design cycles and extreme reliability. The integration of eFPGA technology into system architectures is a testament to QuickLogic’s commitment to meeting the design challenges posed by modern multi-core and high-performance applications.
Business Model and Revenue Streams
As a fabless semiconductor company, QuickLogic outsources fabrication while focusing on design, intellectual property (IP) development, and software tool integration. This capital-light approach allows the company to remain nimble and focus resources on innovation and customer-centric solution development. Revenue is generated primarily through IP licensing, customized solution contracts, and professional services that support its hardware platforms. Through strategic partnerships and distribution agreements with entities experienced in global component procurement and supply chain management, QuickLogic ensures broad market reach and robust support for its clientele.
Strategic Partnerships and Global Alliances
QuickLogic’s extensive network of global strategic partners has been pivotal in expanding its market influence. By partnering with companies specialized in electronic component distribution and aerospace/defense supply, QuickLogic ensures that its state-of-the-art solutions are accessible to a wide range of markets. These collaborations not only enhance the company’s visibility but also provide its customers with expert support, thereby reinforcing its reputation in mission-critical sectors. Each partnership is carefully cultivated to align with QuickLogic’s commitment to innovation, quality, and customer satisfaction.
Application Areas and Enhanced Capabilities
The company’s solutions are designed for a broad spectrum of applications:
- Mobile and Portable Electronics: Offering low power consumption and compact designs to meet the rapidly changing demands of mobile technology.
- Aerospace and Defense: Providing ruggedized FPGAs and customizable eFPGA IP that meet stringent requirements for reliability, performance, and security.
- Industrial and IoT: Enabling the integration of advanced sensor processing and AI/ML capabilities that drive automation and efficiency.
- Computing and Consumer Electronics: Delivering high-performance circuit solutions that support diverse functionalities with customizable logic resources.
By incorporating leading edge semiconductor practices and open-source design tools, QuickLogic simplifies complex design challenges and fosters innovation at the edge. The combination of hardware flexibility and AI-driven software platforms offers system designers an integrated solution that is both scalable and versatile.
Expertise, Innovation, and Market Impact
QuickLogic’s contributions to the semiconductor industry are underpinned by decades of experience in programmable logic and a deep understanding of evolving market needs. The company’s pioneering work in reconfigurable silicon design has created a competitive advantage that supports the development of systems that are agile, efficient, and cost-effective. Its technical expertise in integrating software with innovative silicon designs enables customers to achieve faster time-to-market while reducing the inherent risks in hardware design. This blend of technical prowess and market insight positions QuickLogic as an authoritative source of innovative solutions in the rapidly advancing semiconductor landscape.
Conclusion
In summary, QuickLogic Corporation is an established innovator in the realm of customizable semiconductor solutions. With a diverse portfolio built around embedded FPGA technology and a focus on strategic partnerships, QuickLogic is equipped to address the demanding and evolving needs of industries ranging from mobile and consumer electronics to aerospace, defense, and industrial IoT. Its commitment to delivering low power, high-performance, and cost-effective solutions continues to define its market significance and impact, ensuring that its customers remain at the forefront of technological innovation.
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.
QuickLogic (NASDAQ: QUIK) reported its fiscal Q3 2024 financial results with total revenue of $4.3 million, showing a 35.9% decrease year-over-year but a 3.5% increase quarter-over-quarter. New product revenue was $3.5 million, down 42% from Q3 2023. The company reported a GAAP net loss of ($2.1 million), or ($0.14) per share, compared to net income of $1.2 million in Q3 2023. Notable achievements include delivering eFPGA IP for GlobalFoundries' 12LP process and TSMC's N12e process, while continuing development of eFPGA Hard IP core for Intel 18A process.
QuickLogic (NASDAQ: QUIK), a developer of embedded FPGA IP, ruggedized FPGAs and Endpoint AI solutions, has scheduled its third quarter fiscal 2024 financial results conference call for Monday, November 11, 2024, at 5:30 p.m. ET. The company also announced participation in two upcoming investor events: the Craig-Hallum Alpha Select 1x1 Conference on November 19 and the 13th Annual NYC Summit on December 17. A webcast of the earnings call will be available on QuickLogic's IR Site Events Page for 12 months.
SensiML , a subsidiary of QuickLogic (NASDAQ: QUIK), has announced the integration of RISC-V processor support within its AI development tool suite. This addition offers developers increased flexibility in building intelligent, resource-constrained edge devices with AI/ML sensor data processing. The open-source nature of RISC-V aligns with SensiML's commitment to transparent and accessible solutions for the IoT market.
Developers can now use SensiML's open-source Piccolo AI AutoML tool to create ultra-efficient machine learning models tailored to specific applications using fully open-source hardware and software. This combination unlocks RISC-V's advantages in cost, customization, and scalability. According to Omdia's forecast, RISC-V processors are expected to grow from under 1% market share in 2020 to nearly 25% of global processors sold by 2030.
SensiML, a subsidiary of QuickLogic (NASDAQ: QUIK), has partnered with Efabless to revolutionize IoT development. This collaboration aims to simplify and accelerate the creation of optimized, application-specific AI at the edge using fully open-source hardware and software. The partnership addresses two key challenges:
1. Sourcing low-cost, power-efficient silicon tailored for specific IoT edge products
2. Implementing accurate sensor AI inference models for resource-constrained devices
The joint solution combines Efabless's custom SoC development platform with SensiML's AutoML software, enabling developers to create sophisticated edge AI solutions more efficiently. The partnership leverages open-source technologies, including RISC-V processor cores and SensiML's Piccolo AI™ AutoML toolchain. A live demo showcasing a power-optimized keyword recognition system will be presented at Embedded World USA in Austin, TX.
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