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GENEVA - SEALSQ Corp (NASDAQ:LAES), a developer of semiconductor and post-quantum technology hardware and software trading at $2.79 per share, announced its plan to establish a new subsidiary, SEALSQ Singapore Ltd, aimed at enhancing its semiconductor manufacturing capabilities in Asia. The company’s stock has shown remarkable volatility, surging over 436% in the past six months despite currently trading above its InvestingPro Fair Value estimate. CEO Carlos Moreira revealed the initiative at the TGE CNBC Converge Live event, emphasizing the strategic move to strengthen the company’s Asian supply chain and accelerate the development of secure chips for the post-quantum era. With current revenue of $20.14 million and a market capitalization of $296 million, SEALSQ maintains a strong liquidity position with a current ratio of 3.58, according to InvestingPro data.
The creation of a Post-Quantum Semiconductor Personalization Center in Singapore is part of SEALSQ’s commitment to advancing semiconductor security technologies. Singapore is a significant player in the global semiconductor industry, producing 10% of the world’s chips and 20% of the semiconductor manufacturing equipment.
SEALSQ’s presence in Singapore, alongside its operations in Taiwan and Thailand, positions the company to take advantage of the country’s robust semiconductor ecosystem, which includes R&D, wafer fabrication, and advanced packaging and testing facilities. The new entity will focus on localized, secure manufacturing adhering to international security standards such as Common Criteria and NIST.
The company’s Open Semiconductor Personalization and Test (OSPT) initiative will foster Public-Private Partnerships to establish Semiconductor Personalization Centers that utilize RISC-V technology for chip design. SEALSQ is in discussions for major projects across Europe, North America, the Middle East, and the Far East to implement similar processes.
This expansion aligns with SEALSQ’s global strategy to develop secure post-quantum semiconductor solutions. The Singapore center will contribute to safeguarding critical digital infrastructures worldwide against emerging quantum threats.
SEALSQ specializes in integrating semiconductors with Public Key Infrastructure (PKI) and Provisioning Services, focusing on Quantum Resistant Cryptography. Its post-quantum semiconductors are designed to protect sensitive data in various applications, including Multi-Factor Authentication tokens and systems across medical, defense, and industrial sectors.
The information provided in this article is based on a press release statement from SEALSQ Corp. The forward-looking statements included in the release reflect the company’s expectations and are subject to risks and uncertainties, including market demand and semiconductor industry conditions. Investors should note that analysts expect sales to decline in the current year, with earnings forecasts indicating continued challenges ahead. For comprehensive analysis and 12 additional exclusive ProTips, visit InvestingPro. SEALSQ has not committed to updating any forward-looking statements as new information becomes available.
In other recent news, SEALSQ Corp has launched its QS7001 Post-Quantum Secure Chip, aimed at protecting cryptocurrency wallets from potential quantum computing threats. This hardware solution utilizes quantum-resistant cryptographic algorithms to ensure the long-term security of digital assets. SEALSQ has also announced a collaboration with WISeSat to deploy satellites equipped with advanced post-quantum-ready security chips, with the first launch scheduled for June 2025. These satellites are designed to enhance global IoT connectivity and cyber resilience across various industries. Additionally, SEALSQ has expanded its global reach through new distribution and sales agreements in Europe, Asia, and the Middle East, enhancing the availability of its secure microcontrollers and post-quantum-ready solutions. The company anticipates strong growth with a clean balance sheet, having eliminated all convertible debt and warrants, and reports a robust sales pipeline valued at $93 million through 2028. In a strategic move, SEALSQ has entered into an exclusivity agreement to acquire IC™Alps, pending due diligence and government approval, to bolster its semiconductor design capabilities. Furthermore, SEALSQ has launched a Quantum Cloud Computing Service in partnership with ColibriTD, aimed at empowering enterprises and research institutions with quantum-powered solutions.
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