QuickLogic Announces $1.1M eFPGA IP Contract with new Defense Industrial Base Customer

Rhea-AI Summary

QuickLogic (NASDAQ: QUIK) has secured a $1.1M contract to provide embedded FPGA (eFPGA) IP to a new Defense Industrial Base customer. The IP, targeting GlobalFoundries' 12LP, 12nm low-power process, is scheduled for delivery in Q2 2025.

The company will leverage its three-decade experience in providing SWaP-C-optimized programmable logic solutions to the defense sector. The eFPGA Hard IP offering spans multiple fabrication processes, enabling quick design-specific solutions while minimizing program risk.

Positive

• Secured new $1.1M eFPGA IP contract
• Expansion into Defense Industrial Base sector
• Revenue generation expected in Q2 2025

Negative

• None.

Insights

Financial Analyst

QuickLogic's newly announced $1.1 million eFPGA IP contract with a Defense Industrial Base customer represents a strategic win for this $102 million market cap semiconductor company. While the contract value equals roughly 1% of QuickLogic's market capitalization, its significance extends beyond the immediate financial impact.

Defense contracts typically offer superior margin profiles compared to commercial applications, potentially enhancing QuickLogic's profitability metrics. The defense sector also provides more stable, predictable revenue streams - a valuable characteristic for a smaller semiconductor player navigating volatile markets.

This contract validates QuickLogic's embedded FPGA technology in the highly demanding defense sector, where Size, Weight, Power and Cost (SWaP-C) optimization is critical. The company's selection for GlobalFoundries' advanced 12nm process node demonstrates technological competitiveness in an increasingly specialized field.

The scheduled Q2 2025 delivery suggests revenue recognition will likely occur in mid-2025, with potential for follow-on business if the implementation proves successful. For investors, this represents QuickLogic's continued diversification beyond consumer applications into higher-value, more stable defense markets - potentially reducing cyclicality and improving long-term revenue visibility.

SAN JOSE, Calif., Feb. 26, 2025  /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a leading developer of embedded FPGA (eFPGA) IP and User Tools, ruggedized FPGAs, and Endpoint AI/ML solutions, is proud to announce its selection by a Defense Industrial Base company for eFPGA IP targeting the GlobalFoundries'® 12LP, 12nm low-power process.  IP delivery for this contract is scheduled during Q2 2025.

"For more than three decades, QuickLogic has built a strong reputation as a trusted supplier of SWaP-C-optimized programmable logic to the Defense Industrial Base," said Brian Faith, CEO of QuickLogic. "With our proven eFPGA Hard IP available across multiple fabrication processes—including GlobalFoundries 12LP—we're able to deliver rapid, design-specific solutions that reduce program risk and capitalize on our extensive development efforts and investments."

For more information on QuickLogic's customized eFPGA solutions, including commercial, ruggedized and radiation hardened versions, email: info@quicklogic.com.

About QuickLogic

QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable, low-power solutions for industrial, aerospace, consumer, and computing markets. For more information, visit www.quicklogic.com. 

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

 

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SOURCE QuickLogic Corporation

FAQ

What is the value of QuickLogic's new Defense Industrial Base contract for eFPGA IP?

QuickLogic secured a $1.1M contract for eFPGA IP targeting GlobalFoundries' 12LP process.

When will QuickLogic deliver the eFPGA IP for the new defense contract?

The IP delivery is scheduled for Q2 2025.

Which manufacturing process is QuickLogic targeting for the new defense eFPGA IP contract?

The eFPGA IP targets GlobalFoundries' 12LP, 12nm low-power process.

How will the new defense contract impact QuickLogic's (QUIK) revenue?

The $1.1M contract will contribute to QuickLogic's revenue in Q2 2025 when the IP is scheduled for delivery.