laesv - LAESV STOCK NEWS

SEALSQ Corp (NASDAQ: LAES), a leader in semiconductors and quantum technology, is advancing sustainability with its RISC-V technology. The company plans to release the first engineering samples by late 2024, with production certification by Q3 2025. SEALSQ's RISC-V chips are expected to secure 25% of the global market by 2030, driven by Edge-AI and machine learning demand.

Decentralized processing through RISC-V chips enhances energy efficiency by minimizing data transmission and cooling needs. SEALSQ's RISC-V post-quantum test chip, running quantum-resistant cryptographic algorithms, will start sampling in late 2024.

The RISC-V market is projected to grow at a 73.6% CAGR through 2027, with SEALSQ positioned to lead with its high-performance, secure processors. The company's innovations aim to meet AI, machine learning, and quantum-resistant security demands, redefining industry standards.

SEALSQ announced its preliminary unaudited H1 2024 financial results, highlighting a revenue of $5 million, reflective of a transitional period due to an economic slowdown and customer inventory adjustments. However, the company maintains a strong cash position of $19 million and a robust new business pipeline valued at $71 million. SEALSQ has strategically focused on the development of post-quantum technologies, including the QS7001™ RISC V platform and QUASARS project, with production samples expected by year-end 2024. The company anticipates revenue recovery starting H2 2024 and a return to growth by 2025, driven by new customer engagements and the launch of advanced semiconductor products.

SEALSQ Corp (NASDAQ: LAES), specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software, will participate in the Northland Growth Conference on June 25, 2024. This virtual event is organized by Northland Capital Markets. SEALSQ’s CFO, John O’Hara, and General Manager, Bernard Vian, will be available for one-on-one virtual meetings with institutional investors. Interested parties can contact their Northland Representative or The Equity Group for more information or to schedule a meeting.

SEALSQ (NASDAQ: LAES) has announced the planned launch of its Quantum Resistant Chips, QS7001 and QVault TPM, by Q4 2024. Focused on semiconductor and post-quantum technologies, SEALSQ has made rapid progress on its QUASARs project, moving from design to engineering samples ready by the end of 2024. The QS7001 will allow customers to develop their own firmware while QVault TPM will feature pre-provisioned FIPS 140-3 and TCG certified modules. SEALSQ is leveraging this technology to collaborate with large electronics manufacturers, aiming to develop custom quantum resistant chips and expand its business opportunities. This initiative aligns with SEALSQ’s plan to establish a Semiconductor Design and Personalization center.

SEALSQ (NASDAQ: LAES) has announced its support for the Connectivity Standards Alliance in Asia by joining the newly-formed Japanese Interest Group (JIG). The group, part of an international community of over 700 technology companies, aims to foster dialogue and collaboration, focusing on the Internet of Things (IoT) market in Japan. SEALSQ, among 17 founding members, will contribute through its expertise in Semiconductors, PKI, and Post-Quantum technology. The JIG, led by industry leaders including Panasonic and Allion Japan, seeks to advance Matter™ and Aliro™ Smart Home standards. SEALSQ's Japanese team, headed by Sales Director Katsunori Miyahata, will support Japanese device makers in achieving Matter compliance, offering benefits like reduced time-to-market and cost savings through their Matter™ ready PKI-as-a-Service and secure elements.

SEALSQ announced a comprehensive cybersecurity solution for Electric Vehicle (EV) charging stations. Their technology addresses vulnerabilities in EV charging through secure communication protocols and decentralized infrastructure networks (DePINs). The company was selected by a major global electric appliances manufacturer to secure new EV 'Plug & Charge' stations, which use ISO 15118 standards for secure and user-friendly charging.

SEALSQ’s solution includes blockchain technology for secure transactions using SEALCoins, enhancing data integrity and payment efficiency. The global EV charging market, valued at $19.67 billion in 2022, is expected to grow significantly, driven by the rising adoption of EVs. SEALSQ aims to secure this expanding infrastructure with its advanced technology, creating a secure and reliable charging ecosystem.

SEALSQ, a pioneer in RISC-V AI processors, predicts significant market growth for its RISC-V technology by 2030, capturing nearly 25% of the global market share. SEALSQ's RISC-V chips are expected to revolutionize the microchip industry, driven by AI and machine learning demand. The company plans to release engineering samples in late 2024 and launch production-ready chips by Q3 2025. RISC-V's open-source nature allows customization for specific AI workloads, offering cost and energy efficiency over traditional GPUs. The secure microcontroller market is anticipated to grow to $2.2 billion by 2026, while the trusted platform module market could reach $6 billion by 2035. SEALSQ's advancements position it as a key player in the evolving microchip landscape, with new chips undergoing testing for AI recommendation systems and quantum-resistant security.

SEALSQ (NASDAQ: LAES) announced the incorporation of SEALSQ USA in Phoenix, Arizona, aiming to establish an Open Semiconductors Assembly and Test (OSAT) Center by the end of 2025. This strategic initiative aligns with Arizona's robust semiconductor ecosystem and the U.S. CHIPS Act's objectives. The French center's R&D efforts will advance to the U.S. and Spanish centers, focusing on post-quantum cryptographic algorithms and AI integration. The Arizona OSAT center will specialize in wafer and final testing, and assembly services, enhancing SEALSQ's production capabilities for the European and Latin American markets. Collaborative projects will foster innovation, ensure security, and bolster a resilient supply chain.

SEALSQ announced advancements in post-quantum semiconductor solutions designed to ensure secure computing and transaction verification. Their technology integrates quantum computing with IoT, offering enhanced cybersecurity across various industries, including fintech, healthcare, and defense. SEALSQ's chips feature quantum speedup, optimization, machine learning, and post-quantum cryptography to counter quantum threats. The company's innovations aim to revolutionize sectors such as urban planning, healthcare, and logistics through efficient data analysis and decision-making. SEALSQ supports IoT device manufacturers to comply with the upcoming U.S. Cyber Trust Mark program by leveraging its Security by Design expertise. This initiative, led by the FCC, aims to improve consumer cybersecurity standards.