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SAN JOSE - QuickLogic Corporation (NASDAQ:QUIK) announced Tuesday that Chipus has selected its embedded FPGA Hard IP for a high-performance data center production ASIC to be fabricated using 12 nm process technology. The announcement comes as the small-cap semiconductor company, with a market capitalization of approximately $102 million, faces significant market challenges, having lost over 47% of its value year-to-date according to InvestingPro data. Despite recent market pressure, including a 17% decline over the past week, InvestingPro analysis suggests the stock may be slightly undervalued at current levels.
The companies collaborated to ensure the eFPGA technology met performance and connectivity requirements while optimizing the fabric to minimize silicon area, according to a press release statement.
"When our customer stated they needed eFPGA as a key IP in their ASIC, we decided to partner with QuickLogic because of more than 30 years of FPGA expertise," said Murilo Pessatti, CEO of Chipus.
QuickLogic's proprietary Australis IP Generator enables the company to deliver customer-specific variants within weeks after establishing fab-specific Hard IP, which typically takes four to six months for new process nodes. The technology supports applications ranging from high-performance data processing to low-power devices.
The eFPGA IP is supported by two FPGA tool suites: Aurora, an open-source version, and Aurora Pro, which integrates Synopsys Synplify FPGA Logic Synthesis.
Andy Jaros, VP of IP Sales at QuickLogic, noted that the selection demonstrates how "eFPGA IP is becoming more critical IP for system companies."
QuickLogic, a developer of embedded FPGA Hard IP and ruggedized FPGAs, has established its technology across multiple process nodes for commercial and defense customers.
In other recent news, QuickLogic Corporation reported its financial results for the third quarter of 2025, which fell short of expectations. The company posted an earnings per share (EPS) of -$0.19, significantly missing the anticipated $0.07. Revenue also came in below forecasts, at $2.03 million compared to the expected $6.45 million. Following these results, Northland downgraded QuickLogic's stock rating from Outperform to Market Perform, citing valuation concerns. The firm set a new price target of $5.95. These developments highlight recent challenges faced by QuickLogic in meeting financial projections.
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