STOCK TITAN

QuickLogic Signs 7-Figure eFPGA IP Contract for GlobalFoundries' 12LP Process

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags
Argus Session date unavailable
+23.29% session move Open Argus
Details

News Market Reaction – QUIK

The recorded move for QUIK in the trading session of this news was +23.29%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

SAN JOSE, Calif., Feb. 28, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a leading developer of embedded FPGA (eFPGA) IP and User Tools, ruggedized FPGAs, and Endpoint AI/ML solutions, is proud to announce its selection by a top-tier Defense Industrial Base company for eFPGA IP targeting the GlobalFoundries' 12LP, 12nm low-power process.  IP delivery for this contract is scheduled for the fiscal year 2024.

"QuickLogic has been a trusted supplier of programmable logic for the Defense Industrial Base for over three decades, providing solutions that enable optimized Size, Weight, Power, and Cost (SWaP-C) and lower program risk," said Brian Faith CEO of QuickLogic. "We are proud to continue that heritage at the 12nm technology node for this new contract. Leveraging our proprietary Australis IP Generator enables us to quickly target the specific semiconductor foundry and fabrication node that best suits the requirements of the mission." 

For more information on QuickLogic's customized eFPGA solutions, including commercial, ruggedized and radiation hardened versions, email: info@quicklogic.com.

About QuickLogic

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops innovative embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for a variety of industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. Our wholly-owned subsidiary, SensiML Corporation, completes the end-to-end solution portfolio with AI / ML software that accelerates AI at the edge/endpoint. For more information, visit quicklogic.com.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/quicklogic-signs-7-figure-efpga-ip-contract-for-globalfoundries-12lp-process-302073082.html

SOURCE QuickLogic Corporation

Keep reading