QuickLogic Delivers eFPGA IP Targeting TSMC N12e™ Process in Record Time

Rhea-AI Summary

QuickLogic (NASDAQ: QUIK) has successfully delivered embedded FPGA (eFPGA) IP for TSMC's N12e 12nm process to a large multi-national customer in record time—within three months from finalizing specifications to IP completion. This achievement follows a contract secured in March 2024. The IP is designed for a new ultra-low-power SoC targeting commercial and industrial IoT markets, enabling fast adaptation to evolving AI algorithms while offering significant power and throughput advantages over traditional software solutions.

QuickLogic's CEO, Brian Faith, emphasized the company's commitment to accelerating development schedules, attributing their success to decades of experience and their proprietary Australis IP Generator. The delivered IP is now available for further customization, allowing QuickLogic to meet diverse customer requirements across various industries and adapt to specific needs in a short timeframe.

Positive

• Delivered eFPGA IP for TSMC's N12e 12nm process in record time (3 months)
• Secured contract with a large multi-national customer
• IP designed for ultra-low-power SoC targeting commercial and industrial IoT markets
• Enables fast adaptation to evolving AI algorithms
• Offers significant power and throughput advantages over traditional software solutions
• Demonstrates ability to meet demanding timelines
• IP available for further customization to meet diverse customer requirements

Negative

• None.

Insights

Tech Expert

QuickLogic's rapid delivery of eFPGA IP for TSMC's N12e process is a significant achievement in the semiconductor industry. The three-month turnaround from specification to completion demonstrates exceptional efficiency, potentially giving QuickLogic a competitive edge in the eFPGA market. This speed-to-market capability could attract more customers, especially those with tight development schedules.

The focus on ultra-low-power SoCs for IoT applications aligns well with current market trends. The ability to adapt to evolving AI algorithms while maintaining power efficiency is important for edge computing devices. This could position QuickLogic favorably in the growing IoT and edge AI markets.

However, investors should note that while this achievement is impressive, its impact on QuickLogic's financials remains to be seen. The company's ability to convert this technical success into revenue growth and market share expansion will be key factors to watch in the coming quarters.

Market Research Analyst

QuickLogic's success in delivering eFPGA IP for TSMC's N12e process could have positive implications for the company's market position. The semiconductor IP market is projected to grow significantly, with eFPGA technology playing an increasingly important role in flexible chip design.

The company's ability to customize IP rapidly could be a key differentiator in attracting large multinational clients, potentially leading to more high-value contracts. This agility in IP development might also allow QuickLogic to tap into emerging markets and applications more quickly than competitors.

However, investors should consider that QuickLogic is a small-cap company ($109.6 million market cap) in a highly competitive field. While this achievement is promising, it's important to monitor whether it translates into sustained revenue growth and improved market share. The company's future success will depend on its ability to consistently deliver innovative solutions and expand its customer base in the IoT and AI markets.

SAN JOSE, Calif., Oct. 1, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a leading developer of embedded FPGA (eFPGA) IP and User Tools, ruggedized FPGAs, and Endpoint AI/ML solutions, today announced the successful delivery of eFPGA IP for TSMC's N12e 12nm process to a large multi-national customer, achieving delivery in record time—within three months from finalizing specifications to IP completion. This follows the announcement in March of this year, when QuickLogic secured the contract and began working closely with the customer to define the bespoke eFPGA IP that meets their specific requirements.

This swift execution highlights QuickLogic's ability to meet demanding timelines and provides confidence in its capacity to deliver tailored eFPGA IP solutions across various applications. The IP delivered for this contract is designed for a new ultra-low-power SoC targeting commercial and industrial IoT markets. With QuickLogic's eFPGA technology, the solution enables fast adaptation to evolving AI algorithms while delivering significant power and throughput advantages over traditional software solutions.

"Our commitment to accelerating development schedules is evident in this latest achievement," said Brian Faith, QuickLogic CEO. "The combination of our decades of experience and our proprietary Australis IP Generator allows us to deliver custom IP solutions rapidly, targeting any foundry or fabrication node."

The delivered IP is now available for further customization, ensuring that QuickLogic can meet a broad spectrum of customer requirements in various industries, with the flexibility to adapt to specific needs in a short timeframe.

About QuickLogic

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops innovative embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for a variety of industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. Our wholly-owned subsidiary, SensiML Corporation, completes the end-to-end solution portfolio with AI / ML software that accelerates AI at the edge/endpoint. For more information, visit 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 significance of QuickLogic's eFPGA IP delivery for TSMC's N12e process?

QuickLogic's delivery of eFPGA IP for TSMC's N12e 12nm process in record time (3 months) demonstrates their ability to meet demanding timelines and provide tailored eFPGA IP solutions for various applications, including ultra-low-power SoCs for IoT markets.

How does QuickLogic's eFPGA technology benefit the new SoC for IoT markets?

QuickLogic's eFPGA technology enables fast adaptation to evolving AI algorithms while delivering significant power and throughput advantages over traditional software solutions, making it ideal for commercial and industrial IoT applications.

What tool does QuickLogic use to generate custom IP solutions quickly?

QuickLogic uses its proprietary Australis IP Generator, combined with decades of experience, to rapidly deliver custom IP solutions targeting any foundry or fabrication node.

When did QuickLogic (QUIK) secure the contract for this eFPGA IP delivery?

QuickLogic secured the contract in March 2024, as mentioned in the press release.