QuickLogic secures first eFPGA hard IP contract for data center ASIC

SAN JOSE, Calif. - QuickLogic Corporation (NASDAQ:QUIK), a semiconductor company with a market capitalization of $101.35 million, announced Thursday it has secured its first embedded FPGA (eFPGA) Hard IP contract for a high-performance data center ASIC design. The chip will be fabricated using 12 nm process technology, with IP delivery scheduled for Q4 2025. According to InvestingPro analysis, the stock appears undervalued at its current price of $6.17.

The contract represents QuickLogic's entry into the high-performance commercial data center market, expanding the company's presence beyond its established defense and commercial applications.

"We are excited to announce our first eFPGA Hard IP contract for the high-performance commercial data center market - a testament that eFPGA IP is becoming a critical IP for system companies," said Andy Jaros, VP of IP Sales at QuickLogic.

The company's proprietary Australis IP Generator allows it to deliver customer-specific eFPGA Hard IP in weeks for established fabrication nodes and within four to six months for new nodes. QuickLogic's eFPGA Hard IP is supported by two versions of its FPGA User Tools: an open-source version called Aurora and Aurora Pro, which includes Synopsys Synplify FPGA Logic Synthesis.

QuickLogic specializes in embedded FPGA Hard IP, strategic radiation hardened, antifuse and ruggedized FPGAs. The company's technology enables in-system reprogrammability for ASIC designs, providing flexibility for hardware adjustments after manufacturing.

The announcement was made in a press release statement from the company, which did not disclose the financial terms of the contract or identify the customer.

In other recent news, QuickLogic Corporation reported its financial results for the second quarter of 2025, revealing an earnings per share (EPS) of -$0.09, which did not meet the forecasted EPS of -$0.07. The company's revenue for the quarter was $3.69 million, also falling short of the expected $4 million. In governance updates, QuickLogic announced the appointment of Ron Shelton to its Board of Directors, effective August 7, 2025. Shelton will also take on the role of Chair of the Audit Committee. His extensive experience includes serving as Chief Financial Officer at Syntiant Corp., along with previous CFO roles at various technology companies. These developments highlight QuickLogic's ongoing strategic and leadership changes.

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