TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
SAN JOSE - QuickLogic Corporation (NASDAQ:QUIK), a semiconductor company with a market capitalization of $92.17 million, has appointed Ron Shelton to its Board of Directors, effective August 7, 2025, according to a press release statement from the company. Shelton will also serve as Chair of the Audit Committee.
Shelton currently serves as Chief Financial Officer of Syntiant Corp., a provider of sensors, processors and software models for AI at the edge. His career spans more than 25 years of financial and operational leadership experience, including CFO positions at Navitas Semiconductor, Adesto Technologies, GigOptix, and Cirrus Logic. He holds a BA in Economics from Stanford University.
"I am impressed by QuickLogic’s momentum in eFPGA Hard IP solutions and its long-standing commitment to customer success," Shelton said in the statement.
Michael R. Farese, Chairman of the Board of QuickLogic, noted that Shelton’s "broad business acumen and deep financial expertise will provide valuable insight" as the company continues to expand its business. While currently not profitable, analysts tracked by InvestingPro expect the company to turn profitable this year, with price targets ranging from $8.20 to $10.00.
QuickLogic Corporation develops embedded FPGA Hard IP and User Tools, ruggedized FPGAs, and Endpoint AI/ML solutions. The company focuses on delivering customizable, low-power solutions for aerospace and defense, industrial, consumer, and computing markets. Get comprehensive analysis and more exclusive insights about QuickLogic’s financial health and growth prospects through the detailed Pro Research Report, available on InvestingPro.
In other recent news, QuickLogic Corporation reported its financial results for the second quarter of 2025. The company announced an earnings per share (EPS) of -$0.09, which did not meet the analysts’ expectation of -$0.07. Additionally, QuickLogic’s revenue for the quarter was $3.69 million, falling short of the anticipated $4 million. Despite these results, there appears to be investor optimism regarding QuickLogic’s future strategies. This optimism was reflected in the stock’s performance, although specific stock price movements are not detailed here. The earnings report highlights ongoing challenges for QuickLogic but also suggests potential areas for growth. Investors may be watching closely for any strategic changes or new initiatives by the company. These developments are part of the recent news surrounding QuickLogic Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.