WISeKey and Odin Spearhead the Establishment of an Innovative Semiconductor Center in Murcia; The Project Foresees a Financing of €60M for its Execution
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Insights
The establishment of a high-performance cybersecurity chip design and customization center in Murcia, as a collaboration between WISeKey, Odin Solution and T-Protege, is a strategic move within the cybersecurity and semiconductor industries. This initiative aligns with the broader European Union's efforts to enhance technological sovereignty and reduce reliance on non-EU semiconductor production. The participation of a university spin-off and the support from the Spanish government through the PERTE Chip initiative underscore the importance of academia-industry collaborations in driving innovation.
From a cybersecurity standpoint, the localized production of secure chips is paramount, especially considering the rising threats in the digital landscape and geopolitical tensions affecting global supply chains. This center's focus on secure chip solutions will likely contribute to the resilience of critical infrastructures and sensitive data protection, which is essential for both public and private sectors. Additionally, the project's potential to generate qualified employment and foster a specialized industrial sector could have a significant multiplier effect on the regional economy, potentially influencing the stock market positively by attracting investment and partnerships.
The financial commitment of 12.25 billion euros by 2027 through the Strategic Project for the Economic Recovery and Transformation of Microelectronics and Semiconductors (PERTE Chip) is indicative of the economic significance of this project. The investment aims to catalyze the development of the semiconductor industry in Spain, which is poised to enhance the country's competitive edge in the global market. The economic implications of such a project are far-reaching, potentially improving Spain's trade balance, attracting foreign direct investment and reducing the economic impact of semiconductor shortages that have recently plagued various industries.
Moreover, the emphasis on public-private partnerships and knowledge transfer from the University of Murcia to the private sector is a model that can stimulate innovation and economic growth. The anticipated creation of quality job positions and the boost to research and development activities in the region are likely to have a positive impact on local businesses, potentially leading to an uptick in regional economic activity and by extension, investor confidence.
WISeKey's involvement in this project may be of interest to investors, as it represents an expansion of its already established global presence in digital security. The company's strategic partnership with Odin and T-Protege to develop an international benchmark in cybersecurity could enhance its market positioning and lead to new revenue streams. The focus on creating personalized and secure chip solutions is likely to meet the growing demand for cybersecurity in various sectors, including industrial, public administration and consumer markets.
Given the increasing importance of cybersecurity and the strategic nature of semiconductor manufacturing, this project could place WISeKey and its partners at the forefront of a critical industry. For stakeholders, the long-term benefits could include a stronger brand reputation, increased market share and potentially higher stock valuations as the project progresses and starts to yield tangible results.
Murcia, Spain , Feb. 29, 2024 (GLOBE NEWSWIRE) -- 
For more information visit: https://www.laverdad.es/murcia/proyectan-centro-avanzado-diseno-personalizacion-chips-ultra-20240229122659-nt_amp.html
WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, operating as a holding company, today announced that during a meeting held at the University of Murcia (UMU), attended by the Secretary of State for Telecommunications and Digital Infrastructures, María González Veracruz, the Rector Magnificus, José Luján, Professor Antonio Skarmeta, and representatives from leading Murcian companies a significant step was taken towards the consolidation of an ambitious project: the creation of a high-performance cybersecurity chip design and customization center in the Region of Murcia.
Antonio Skarmeta UMU professor, Mariola Guevara Government Delegate in the Region of Murcia, María González Veracruz Secretary of State for Telecommunications, José Trigueros CEO of OdinS, José Luján UMU Rector, Miguel Ángel Zamora UMU professor and Francisco Martínez CIO of TProtege.
This project, supported by the Government of Spain, is an initiative led by the UMU spin-off company, Odin Solution (“Odin”), and WISeKey, a globally recognized firm in the field of digital security. Both companies, along with T-Protege, have joined forces to develop a semiconductor center that promises to be an international benchmark in cybersecurity.
The collaboration between WISeKey, Odin, and T-Protege stands out for its innovative approach and its capacity to establish international partnerships, driven by its specialization in cybersecurity research projects. This approach has been crucial for the project's adherence to the financial instruments of the Strategic Project for the Economic Recovery and Transformation of Microelectronics and Semiconductors in Spain (PERTE Chip), an initiative of the Secretary of State for Telecommunications and Digital Infrastructures aiming to mobilize 12.25 billion euros by 2027.
The Secretary of State, María González Veracruz, expressed her satisfaction with the progress of the project, highlighting that "the Region of Murcia will become the epicenter of chip design and cybersecurity, marking a milestone in the digital industry and generating numerous qualified job positions."
The Rector of UMU, José Luján, emphasized the university's pride in contributing to the project, highlighting the importance of knowledge transfer to the private sector and public-private collaboration for the economic and social development of the region.
Carlos Moreira, representative of WISeKey, participated remotely, reaffirming his company's commitment to innovation in digital security and the importance of this center for the technological future of Murcia and the world.
For his part, José Trigueros, CEO of Odin Solutions, states that "given the instability of the current geopolitical situation, the need to strengthen the semiconductor ecosystem in the EU by reducing external dependencies is clear, as a key step for Europe's technological sovereignty."
Francisco Martínez Asensio, CIO of TProtege, highlights three positive consequences for the region: "the creation of a pole of quality employment, the strengthening of an advanced industrial sector and a decisive boost to R&D&I, particularly in the field of regional universities".
This center will not only offer personalized and secure solutions to customer needs but will also benefit the industrial sector, public administration, and citizens, facilitating access to advanced technologies and improving the cybersecurity of critical systems.
About Odin
Odin Solutions (OdinS) is a SME founded in August 2014 and accredited as innovative ICT company (EIBT) by MINECO and ANCES. OdinS works on the IPv6 fields of Internet of Things, Big Data and Security. The OdinS personal have strong expertise in research and development of IoT embedded systems and Big-Data platforms for water/energy efficiency, security and tele-management of infrastructures. OdinS has several patents in the area of monitoring and tele-control systems. OdinS provides open, flexible and interoperable products able to connect infrastructures and mobile platforms for Smart Cities and Energy-Efficient Buildings.
The multidisciplinary and enterprising team of OdinS everyday work to face new challenges of a society that is becoming more connected and technological. Therefore, OdinS is member of the international IoT-Forum and AIOTI (Alliance for internet of things innovation). Moreover, OdinS participates actively in different standardization work groups such as Smart Cities, Architectures and Standards. Specifically, OdinS collaborates in ETSI (European Telecommunications Standards Institute) for the industrial standardization group of the ISG CIM (cross-sector Context Information Management) with the aim of designing interoperable interfaces between IoT devices and BigData platforms. OdinS considers the R&D collaboration projects as the best inversion to achieve more competitive products and solutions.
About TProtege
TProtege is a leading technology-based security and control systems company offering audiovisual engineering, surveillance, environmental monitoring and management, access control and logistics security services. Real-time protection of trucks and goods.
About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.
Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.
Press and investor contacts:
WISeKey International Holding Ltd
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000 / info@wisekey.com
WISeKey Investor Relations (US)
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +1 212 836-9612 / kmurphy@equityny.com
ODIN Solutions José Trigueros Founder & CEO
Tel: +34 868 12 33 95
TProtege
Company Contact: Francisco Martinez Asensio CIO
Tel: +34 968 71 74 16
info@tprotege.es
Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
FAQ
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