QuickLogic Signs 7-Figure eFPGA IP Contract for GlobalFoundries' 12LP Process
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Insights
The announcement by QuickLogic Corporation regarding their selection by a top-tier Defense Industrial Base company for eFPGA IP targeting the GlobalFoundries' 12LP, 12nm process is a significant development. This partnership is likely to enhance QuickLogic's market positioning within the defense sector, particularly given the emphasis on Size, Weight, Power and Cost (SWaP-C), which are critical factors in defense applications. The deal may lead to increased revenue streams and could potentially boost investor confidence in QuickLogic's ability to secure and fulfill high-value contracts.
Furthermore, the use of QuickLogic's proprietary Australis IP Generator for the rapid targeting of specific semiconductor foundry and fabrication nodes indicates a competitive edge in adaptability and speed to market. This agility could be a differentiating factor for QuickLogic in the eFPGA market, possibly leading to more such contracts in the future.
QuickLogic's contract for eFPGA IP with a top-tier Defense Industrial Base company could have a positive impact on the company's financials. Scheduled IP delivery within the fiscal year 2024 suggests that the revenue impact will be reflected in the short to medium term, which is important for investors monitoring QuickLogic's performance. While the exact financial details of the contract are not disclosed, the association with a top-tier defense company and the transition to a 12nm technology node could suggest a higher margin business due to the advanced nature of the technology and the specialized application in defense.
Investors should consider the potential for this contract to pave the way for additional deals within the defense industry, which could further solidify QuickLogic's revenue base. However, it's also crucial to monitor the company's ability to meet the technical and delivery specifications of the contract, as any setbacks could impact future earnings and market perception.
The selection of QuickLogic by a defense industry leader to provide eFPGA IP for a 12nm low-power process indicates a strategic move within the defense sector to integrate more advanced and efficient technologies. The focus on SWaP-C is particularly relevant in modern defense applications where enhanced performance needs to be balanced with logistical constraints. QuickLogic's three-decade experience in the field adds credibility to their claims of reducing program risk and optimizing SWaP-C.
Given the stringent requirements of defense contracts, QuickLogic's ability to deliver on this contract could enhance its reputation for reliability and technical excellence. This could lead to an increased trust from other players in the defense industry, potentially resulting in a broader client base and an upsurge in market share within this niche sector.
"QuickLogic has been a trusted supplier of programmable logic for the Defense Industrial Base for over three decades, providing solutions that enable optimized Size, Weight, Power, and Cost (SWaP-C) and lower program risk," said Brian Faith CEO of QuickLogic. "We are proud to continue that heritage at the 12nm technology node for this new contract. Leveraging our proprietary Australis IP Generator enables us to quickly target the specific semiconductor foundry and fabrication node that best suits the requirements of the mission."
For more information on QuickLogic's customized eFPGA solutions, including commercial, ruggedized and radiation hardened versions, email: info@quicklogic.com.
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
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