Sealsq Corp Stock Price, News & Analysis

SEALSQ Corp (NASDAQ: LAES) has announced its strategic entry into the AI chip market with its innovative AIoT (Artificial Intelligence for Internet of Things) strategy. This approach combines AI with IoT technologies, positioning SEALSQ at the forefront of technological innovation. The company's strategy integrates advanced semiconductors, smart sensors, AI technologies, and a comprehensive data cloud to create a holistic platform for digital transformation.

Key aspects of SEALSQ's strategy include:

• Embedding AI into core infrastructure components
• Developing specialized APIs for interoperability
• Implementing a Moonshot Development Plan to integrate post-quantum chips by 2028
• Aiming for a 50x improvement in AI training and inferencing times
• Ensuring 99.999% quantum-resistant security for AI operations
• Integrating SEALSQ chips into 70% of AI-driven technologies

The company's vision extends to revolutionizing AI's capabilities and ensuring ultra-security in a post-quantum era, potentially reshaping industries and driving digital transformation.

SEALSQ Corp (NASDAQ: LAES) is at the forefront of the transition from digitalization to robotization with its advanced post-quantum chips. The company's QS7001 engineering samples are expected to be ready for order by Q4 2024, with a TPM version available by year-end. SEALSQ is in talks with major electronic manufacturers to develop custom quantum-resistant chips.

These chips offer CC EAL 5+ certified security optimized for quantum-resistant algorithms, addressing critical security needs in the robotics industry. They enhance automation capabilities, enabling more sophisticated tasks and real-time decision-making in robotic systems. SEALSQ's diverse customer base includes industry leaders like CISCO, AB Circle , and Medtronic, highlighting the versatility of their semiconductor technology across various sectors.

SEALSQ Corp (NASDAQ: LAES), a company focused on semiconductors, PKI, and post-quantum technology, has received a Nasdaq notification regarding minimum bid price deficiency. The company's ordinary shares failed to maintain the required $1.00 minimum bid price for the last 30 consecutive business days. SEALSQ has been given an initial compliance period until January 28, 2025, to regain compliance by having its closing bid price at $1.00 or above for at least 10 consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day compliance period. Failure to meet requirements could result in delisting, subject to appeal. SEALSQ intends to monitor the situation and consider available options to resolve the noncompliance.

SEALSQ Corp (NASDAQ: LAES) has appointed Katsu Miyahata as the new Sales Director and Representative Director for Japan. With over 30 years of experience in IoT, semiconductors, and high-tech industries, Miyahata will lead the company's expansion of IoT Security and Brand Enhancement operations in Japan. SEALSQ aims to capitalize on Japan's cybersecurity strategy and growing IoT market, targeting sectors such as industrial, consumer, and medical applications.

The company has been actively participating in various electronic and security exhibitions in Japan throughout 2024. As a member of the Wi-Sun Alliance and a founding member of the CSA Japan Interest Group, SEALSQ is well-positioned to address the country's IoT security needs. With Matter certification and a focus on secure hardware solutions, SEALSQ is targeting Japan's substantial semiconductor market and the growing demand for smart home technologies.

SEALSQ Corp (NASDAQ: LAES) reports progress on strategic initiatives in H1 2024, despite a temporary slowdown. Key highlights include:

1. H1 2024 unaudited revenue of ~$5 million, with expectations for a stronger H2 and growth in 2025.
2. New business pipeline valued at $71 million.
3. Strong cash position of $19 million.
4. Launch of Quantum-Resistant Secure Chips (QS7001 and QVault TPM) by Q4 2024.
5. Strategic partnerships for custom quantum-resistant chips.
6. Negotiations for semiconductor design and customization centers in Spain, USA, Middle East, and Far East.
7. Root Certificate Authority approval for Matter device attestation.

SEALSQ anticipates growth in Matter certification, SSL certificate injection services, and alignment with new IoT security standards. The company is positioned to leverage the expanding IoT market and convert initiatives into revenue streams over the next five years.

SEALSQ Corp (NASDAQ: LAES) has announced a strategic move to mitigate geopolitical risks by designing its next-generation post-quantum secure semiconductors in Europe and manufacturing them in Singapore. This diversified approach aims to ensure supply chain stability and enhance business resilience amid global tensions. The company is also in talks with the Spanish government to develop a Cybersecurity and Semiconductor Customization Center in Murcia and has established SEALSQ USA in Arizona.

SEALSQ has launched the QS7001, a RISC-V quantum-resistant secure chip, with commercial samples expected for delivery in Q4 2024. The secure microcontroller (MCU) market is projected to grow to $2.2 billion by 2026, driven by demand from utilities, industrial IoT, smart cities, and construction sectors.

SEALSQ Corp (NASDAQ: LAES), a leader in semiconductors and quantum technology, is advancing sustainability with its RISC-V technology. The company plans to release the first engineering samples by late 2024, with production certification by Q3 2025. SEALSQ's RISC-V chips are expected to secure 25% of the global market by 2030, driven by Edge-AI and machine learning demand.

Decentralized processing through RISC-V chips enhances energy efficiency by minimizing data transmission and cooling needs. SEALSQ's RISC-V post-quantum test chip, running quantum-resistant cryptographic algorithms, will start sampling in late 2024.

The RISC-V market is projected to grow at a 73.6% CAGR through 2027, with SEALSQ positioned to lead with its high-performance, secure processors. The company's innovations aim to meet AI, machine learning, and quantum-resistant security demands, redefining industry standards.

SEALSQ announced its preliminary unaudited H1 2024 financial results, highlighting a revenue of $5 million, reflective of a transitional period due to an economic slowdown and customer inventory adjustments. However, the company maintains a strong cash position of $19 million and a robust new business pipeline valued at $71 million. SEALSQ has strategically focused on the development of post-quantum technologies, including the QS7001™ RISC V platform and QUASARS project, with production samples expected by year-end 2024. The company anticipates revenue recovery starting H2 2024 and a return to growth by 2025, driven by new customer engagements and the launch of advanced semiconductor products.

SEALSQ Corp (NASDAQ: LAES), specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software, will participate in the Northland Growth Conference on June 25, 2024. This virtual event is organized by Northland Capital Markets. SEALSQ’s CFO, John O’Hara, and General Manager, Bernard Vian, will be available for one-on-one virtual meetings with institutional investors. Interested parties can contact their Northland Representative or The Equity Group for more information or to schedule a meeting.