Core Insights - SEALSQ Corp. has marked 2025 as a transformative year, achieving significant milestones in its long-term strategy to become a global leader in post-quantum secure semiconductors and trusted hardware [2][3] Financial Performance - As of December 19, 2025, SEALSQ reported a strong cash position of over $440 million, providing financial flexibility for growth strategies and technology investments [4] - The company's market valuation surpassed $1 billion in October 2025, reflecting increased investor confidence and a successful upgrade to the NASDAQ Global Select Market [2] Strategic Developments - A major acquisition of IC'ALPS in mid-2025 added approximately 100 skilled engineers, enhancing SEALSQ's chip design and innovation capabilities [5] - The launch of the Quantum Fund in February 2025 evolved into a $100 million fund aimed at accelerating innovation in the quantum ecosystem, with strategic investments in companies like ColibriTD and EeroQ [5] Product Launches - SEALSQ launched its flagship post-quantum products, including the Quantum Shield QS7001™ and QVault™ Trusted Platform Module, initiating a growth phase driven by hardware revenues and recurring income [5] - The commercial launch of the QS7001 was announced at the Las Vegas Grand Prix on November 21, 2025, leading to a pipeline of opportunities valued at $49.8 million for 2026 to 2028, up from $11.4 million the previous year [5] Global Expansion and Partnerships - SEALSQ's "Made in USA" strategy includes the development of a U.S. Quantum RootKey and partnerships with Trusted Semiconductor Solutions [7] - A joint venture with Kaynes Semiconductors aims to deploy the QS7001 microcontroller in India, targeting enterprises and government organizations [8] Industry Engagement - SEALSQ organized the Davos Quantum Roundtable, bringing together leaders to discuss the future of quantum computing and associated risks [11] - The company is actively addressing systemic risks posed by quantum computing to global financial infrastructure through strategic investments [9] Future Outlook - SEALSQ is positioned to accelerate commercialization and deepen partnerships as the convergence of post-quantum cryptography, secure semiconductors, AI, and quantum computing continues to evolve [12]
SEALSQ Issues Year-End CEO Letter to Shareholders