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SAN JOSE, Calif. - QuickLogic Corporation (NASDAQ: QUIK), a small-cap semiconductor company with a market value of approximately $98 million specializing in embedded FPGA (eFPGA) technology, announced Monday its membership in the Intel Foundry Chiplet Alliance. This move is aimed at enhancing its strategy to provide secure, flexible eFPGA-based chiplets for both defense and commercial sectors. According to InvestingPro data, the company operates with a moderate debt-to-equity ratio of 0.69.
The alliance, part of the Intel Foundry Accelerator Alliance program, aims to create a secure, standards-based ecosystem for chiplet design and manufacturing. By joining the alliance, QuickLogic gains early access to Intel Foundry’s process and advanced packaging roadmaps, as well as the opportunity to participate in multi-project wafer shuttles which are designed to shorten prototype cycles and reduce costs.
QuickLogic’s CEO, Brian Faith, stated that this collaboration is a strategic step forward, allowing the company to expedite the market introduction of customizable eFPGA chiplets. These chiplets are intended to meet the high-security and reliability demands of aerospace, defense, and various fast-paced commercial applications. The market has responded positively to this development, with QuickLogic’s stock showing an impressive 11.55% return over the past week.
The company already provides eFPGA Hard IP on the Intel 18A process node and expects the extended partnership to facilitate seamless interoperability with other alliance members’ components in multi-chip packages.
QuickLogic, a fabless semiconductor firm, is known for its eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions. The company emphasizes its commitment to delivering highly customizable and low-power silicon solutions across multiple markets, including aerospace, defense, and edge computing.
This development is based on a press release statement and reflects QuickLogic’s ongoing efforts to leverage partnerships and industry standards to advance its product offerings in the semiconductor space. While the company is currently trading above its InvestingPro Fair Value, analysts remain optimistic, forecasting profitability for the company in 2025. Get access to 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, QuickLogic Corporation reported a disappointing financial performance for the first quarter of 2025. The company announced an earnings per share (EPS) loss of $0.07, which fell short of analysts’ expectations of a $0.02 profit. Revenue was also below forecasts, coming in at $4.3 million against a projected $6.15 million, marking a 28% year-over-year decrease. Despite these setbacks, QuickLogic remains optimistic about future revenue growth for 2025, with a revenue guidance of $4 million (±10%) for the second quarter. The company continues to focus on its strategic initiatives, such as its involvement with Intel’s 18A technology, where it remains the sole provider of eFPGA hard IP. Additionally, QuickLogic’s CEO Brian Faith expressed confidence in the company’s growth prospects, highlighting ongoing contracts and future opportunities in the U.S. Military and Aerospace sectors. Furthermore, QuickLogic anticipates achieving non-GAAP profitability and positive cash flow for the full year, with a projected gross margin in the low 60% range.
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