SEALSQ Corp, a member of the WISeKey Group, Signs a Share Purchase Agreement to Acquire 100% of IC'ALPS

Core Viewpoint - SEALSQ Corp, a member of the WISeKey Group, has signed a Share Purchase Agreement to acquire 100% of IC'ALPS, a specialist in ASIC design and supply, indicating a strategic move to enhance its capabilities in semiconductor and post-quantum technology solutions [1][2]. Group 1: Acquisition Details - The acquisition of IC'ALPS is the result of exclusive negotiations that began on February 27, 2025, and is now subject to regulatory approval from the French Ministry of the Economy [2]. - The transaction is expected to be completed in the third quarter of 2025, pending the satisfaction of closing conditions [3]. Group 2: About IC'ALPS - IC'ALPS is based in Grenoble, France, and specializes in Application Specific Integrated Circuits (ASIC) and Systems on Chip (SoC) development, offering a complete service from circuit specification to production supply chain management [4]. - The company employs over 100 engineers with expertise in various circuit technologies, including analog, digital, and mixed-signal circuits, and operates with multiple foundries [4]. Group 3: About SEALSQ - SEALSQ is recognized for its innovations in Post-Quantum Technology, focusing on hardware and software solutions that integrate semiconductors and Public Key Infrastructure (PKI) [5][6]. - The company aims to address security challenges posed by quantum computing by developing quantum-resistant cryptography and semiconductors for various applications, including healthcare, automotive, and industrial systems [6]. Group 4: About WISeKey - WISeKey International Holding Ltd is a global leader in cybersecurity, digital identity, and IoT solutions, operating through several subsidiaries, including SEALSQ [9][10]. - The company has deployed over 1.6 billion microchips across various IoT sectors, playing a crucial role in securing the Internet of Everything [10].