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GENEVA - SEALSQ Corp (NASDAQ: LAES), a developer and seller of semiconductor and post-quantum technology products with a market capitalization of $302 million, has announced a strategic collaboration with IC™ALPS, a French ASIC design house. According to InvestingPro data, SEALSQ maintains a strong financial position with more cash than debt and a healthy current ratio of 6.0x. The partnership is set to introduce advanced Application-Specific Integrated Circuits (ASICs) designed for automotive functional safety in the post-quantum computing era.
IC™ALPS brings to the table its expertise in power management integrated circuits and automotive safety standards, including the IATF16949 standard and ISO 26262 for functional safety. The collaboration aims to develop ASICs that meet the highest Automotive Safety Integrity Levels (ASILs), essential for the increasing electronic complexity of modern vehicles.
The integration of SEALSQ’s post-quantum secure technology into IC™ALPS’s automotive ASIC designs is expected to provide strong cryptographic resistance against quantum-era threats. This move is particularly significant as the cost of electronics in vehicles has surged to over 40% from 18% in the early 2000s, with modern vehicles containing more than 1,400 semiconductor components. While SEALSQ’s stock has shown significant volatility, with a 515% surge over the past six months, InvestingPro analysts note that the company faces near-term profitability challenges, with negative earnings expected this year.
The partnership is also exploring the acquisition of IC™ALPS by SEALSQ, subject to due diligence, definitive agreements, and French regulatory approval, as announced in February 2025.
The ASICs developed through this collaboration are anticipated to offer benefits such as compliance with technical safety requirements for ISO 26262 certification, integrated post-quantum security, miniaturization, and performance enhancements. Additionally, they are expected to provide electromagnetic immunity, real-time responsiveness for autonomous driving systems, and comprehensive customer support.
SEALSQ and IC™ALPS are co-developing methodologies to ensure that safety goals are traceable and measurable, from FMEDA analyses to integrated diagnostics and self-monitoring circuits. The collaboration prioritizes optimization to ensure that safety features do not unnecessarily increase development cycles or costs, while also streamlining integration for automotive OEMs and Tier 1 suppliers.
This partnership marks a significant step in advancing the security and safety of the next generation of electric, connected, and autonomous vehicles. The information for this article is based on a press release statement. For deeper insights into SEALSQ’s financial health, valuation metrics, and growth potential, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with detailed analysis and actionable intelligence.
In other recent news, SEALSQ Corp has begun the certification process for its QS7001 Post-Quantum Secure Chip, which is expected to launch in the fourth quarter of 2025. The chip aims to safeguard blockchain ecosystems from potential threats posed by quantum computing. SEALSQ is collaborating with Hedera and WeCan to integrate this chip into their infrastructures, enhancing security against quantum threats. Meanwhile, CLSQ reported a significant revenue decline for 2024, with earnings dropping to $11 million, down from $30 million in 2023, missing forecasts by $4.1 million. Despite the downturn, CLSQ maintains strong cash reserves of over $90 million and plans to focus on quantum-resistant technology and strategic acquisitions to drive future growth. The company anticipates a substantial revenue increase in 2025, partly due to the commercial launch of its post-quantum chip. CLSQ’s CEO, Carlos Moreira, emphasized the strategic positioning in the quantum era, highlighting the company’s efforts to establish a strong foothold in the emerging post-quantum cybersecurity market.
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