Core Insights - SEALSQ Corp has announced a collaboration with Lattice Semiconductor to integrate TPM-based advanced post-quantum security capabilities into select Lattice FPGA solutions, addressing the growing need for quantum-resistant technologies in mission-critical applications [1][2] Company Overview - SEALSQ is focused on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products, aiming to provide robust protection against quantum threats [7][9] - The company is pioneering the development of post-quantum semiconductors designed to safeguard sensitive data across various applications, including multi-factor authentication, smart energy, medical systems, defense, and industrial automation [8][9] Collaboration Details - The collaboration with Lattice Semiconductor aims to enhance the security of FPGA platforms by embedding SEALSQ's post-quantum capabilities, specifically the QS7001 and QVault TPM, into Lattice's secure FPGA architecture [2][3][4] - This partnership is expected to accelerate the transition to quantum-resistant systems for high-performance applications, demonstrating technical interoperability and supporting broader industry efforts toward next-generation quantum-secure hardware [4][5] Industry Context - The initiative aligns with the launch of the Year of Quantum Security 2026, emphasizing that quantum security is now an infrastructure and governance imperative, with both companies supporting the advancement of post-quantum standards recommended by organizations like NIST [5]

Core Insights - SEALSQ Corp reported a 66% revenue growth in FY 2025, reaching $18 million, with Q4 2025 revenue of $8 million, up from $4 million in Q4 2024, driven by demand in semiconductor and PKI product lines [3][6] - The company anticipates Q1 2026 revenue to exceed $4 million, representing over 100% growth compared to Q1 2025, indicating strong commercial momentum [4][5] - SEALSQ reaffirms its FY 2026 revenue guidance, expecting growth between 50% to 100% year-over-year, supported by a robust business pipeline exceeding $200 million [8][9] FY 2025 Financial and Operational Highlights - FY 2025 revenue reached $18 million, a 66% increase year-over-year, with significant contributions from the acquisition of IC'ALPS and early traction in post-quantum technology [6] - The net loss for FY 2025 is projected to be between $30 million and $40 million, an increase from the FY 2024 net loss of $21 million, due to investments in R&D and marketing [6] - As of December 31, 2025, SEALSQ held over $425 million in cash, providing a strong liquidity position for future investments [6] Q1 2026 Expectations - Q1 2026 revenue is expected to exceed $4 million, reflecting a substantial increase driven by the consolidation of IC'ALPS and growing demand for secure element technology [7][4] - The anticipated growth is attributed to increased revenue from Vault-IC secure element technology and the full-quarter consolidation of IC'ALPS [7] FY 2026 Outlook - The company expects revenue growth for FY 2026 to be between 50% to 100% year-over-year, supported by a strong start in Q1 2026 [8] - The active business pipeline is estimated to exceed $200 million, with over $60 million linked to specific programs [9] Strategic Investments and Market Position - SEALSQ deployed approximately $30 million in strategic investments during 2025 to enhance vertical integration and expand its product offerings [9] - The company is focused on scaling production, accelerating post-quantum innovation, and expanding global partnerships to secure its leadership in the quantum-security infrastructure market [4][3] Technological Advancements - SEALSQ is advancing its post-quantum semiconductor roadmap through investments in cryptographic IP and next-generation secure chips [18] - The company aims to build a vertically integrated quantum-secure ecosystem, enhancing digital trust infrastructure in the emerging quantum era [13]

Group 1: Investment and Economic Impact - The Spanish Government announced a €19.6 million public investment in Quantix, projected to generate €793 million of economic impact in the Region of Murcia over the next five years [1][5]. - This investment aligns with the national strategy to strengthen sovereignty in critical sectors such as semiconductors and cybersecurity [5]. Group 2: SEALSQ Corp Developments - SEALSQ Corp entered a definitive agreement with Quantix Edge Security to develop Spain's first post-quantum semiconductor personalization center in the Region of Murcia, expected to generate $25 million in revenue over the next three years [3][4]. - The project is anticipated to start in the first half of 2026, with revenue recognition likely to be milestone-based throughout the project's duration [4]. Group 3: Product Launch and Technology - SEALSQ plans to launch the Quantum Shield "QS7001" in mid-November 2025, which will be the world's first secure chip to embed NIST-standardized quantum-resistant algorithms at the hardware level [7]. - The QS7001 will provide robust protection for critical applications, including cryptocurrency, defense systems, and IoT ecosystems [8][9]. - SEALSQ is also preparing to release the QVault TPM, a Trusted Platform Module, in the first half of 2026 [9]. Group 4: Commercialization Strategy - SEALSQ aims to accelerate commercialization by distributing its post-quantum semiconductors through Quantix Edge Security starting in 2026, even while the Murcia facility is under construction [6]. - This strategy supports a $170 million pipeline of potential revenue as part of SEALSQ's broader Quantum Roadmap [6].

Core Viewpoint - SEALSQ Corp is set to launch the Quantum Shield QS7001, the world's first secure chip embedding NIST-standardized quantum-resistant algorithms, aimed at protecting critical applications from future quantum computing threats [3][4][5]. Product Launch - The Quantum Shield QS7001 will be unveiled in mid-November 2025, with the first commercial development kits available for purchase [3][9]. - The chip integrates lattice-based, quantum-resistant cryptography, providing secure key storage, efficient signing, and key exchange operations [6]. Technological Innovation - The QS7001 is designed to secure cryptocurrency transactions, defense systems, healthcare infrastructure, and IoT devices against vulnerabilities posed by quantum computing [4][5]. - Unlike competitors that use software implementations for post-quantum cryptography, SEALSQ's chip embeds these algorithms directly at the hardware level, offering 10X faster performance and enhanced security features [7]. Market Position - SEALSQ has a proven track record of securing over 1.75 billion devices globally and continues to lead in quantum-resistant innovation [10]. - The company emphasizes its commitment to advancing secure solutions across various sectors, including IoT, banking, and automotive [10][12]. Future Developments - SEALSQ plans to launch a Trusted Platform Module version, the QVault TPM, in the first half of 2026 [6]. - The company is also supporting organizations transitioning to quantum-safe encryption through its SEALQUANTUM.com Lab [10].

Core Insights - SEALSQ Corp is focused on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [2] - The company will present its new post-quantum chip, Quantum Shield "QS7001", at the IQT Quantum + AI 2025 event [3][7] - The QS7001 chip features post-quantum cryptography with NIST-standardized algorithms and is designed for various applications including IoT and automotive systems [4][5] Company Developments - CEO Carlos Moreira will deliver the keynote titled "AI Meets Quantum: Building Unbreakable Post-Quantum Security" at the upcoming event [2][7] - The QS7001 has successfully completed the cryptographic toolbox validation stage, confirming the performance of post-quantum cryptographic algorithms [3] - SEALSQ is pursuing Common Criteria EAL5+ certification for the QS7001 with Serma labs [3] Product Features - The QS7001 is a RISC-V-based secure hardware platform that offers flexibility and quantum-resistant security [4] - Key features include low-power design, hardware accelerators for encryption, and tamper-resistant security measures [4] - The chip aims to provide quantum-resistant protection across various industries, ensuring regulatory compliance and cost efficiency [5] Future Plans - SEALSQ is also developing the QVault TPM, targeting PCs, laptops, and IoT devices, expected to launch in H1 2026 [6] - The company emphasizes the importance of building a security foundation to protect critical infrastructure and data against future threats [6][8]

Core Viewpoint - SEALSQ Corp, a subsidiary of WISeKey International Holding Ltd, has received final approval from the French Ministry of the Economy for the acquisition of IC'ALPS, enhancing its capabilities in the semiconductor sector and expanding its workforce in France [1][2]. Acquisition Details - The acquisition of IC'ALPS was completed for a total fixed purchase price of EUR 12.5 million, with an additional earn-out payment of up to EUR 4 million contingent on revenue targets [3]. - Approximately 90 employees from IC'ALPS have joined SEALSQ, increasing the total staff in France to over 150 [2]. Financial Performance of IC'ALPS - For the year ended December 31, 2024, IC'ALPS reported revenue of EUR 9,756,000 and a net loss of EUR 2,016,000, while in 2023, it had revenue of EUR 8,465,000 and net income of EUR 318,000 [5]. - SEALSQ will prepare audited financial statements for IC'ALPS under US GAAP, which may differ materially from the preliminary figures provided [5]. Business Continuity and Expertise - IC'ALPS will continue to provide bespoke ASIC design services, maintaining its established certifications in medical, aerospace, and automotive applications [6]. - The company has partnerships with leading silicon foundries, enhancing its reputation as a reliable design partner [6]. Strategic Vision & Product Innovation - The acquisition aims to leverage SEALSQ's expertise in quantum-resistant chip technology and IC'ALPS' capabilities in ASIC design, creating a synergy for developing secure, tailor-made ASICs [7]. - SEALSQ plans to offer an end-to-end EU sovereign Secure ASIC solution, integrating advanced security IP with IC'ALPS' design capabilities [7]. Key Developments - A significant outcome of this collaboration is the development of SEALSQ's QVault TPM, expected to launch initial samples in Q1 2026 [8]. - The QVault TPM will exemplify the integration of advanced security IP and ASIC design, providing protection for digital identities and connected devices [9]. Market Context - The acquisition addresses the growing demand for secure, high-performance ASICs in a projected $36.8 billion market by 2032, where quantum threats are a rising concern [11]. - ASICs with integrated security are positioned to offer unmatched performance and energy efficiency while addressing vulnerabilities to quantum computing attacks [13]. Strategic Quantum Corridor - SEALSQ's operational headquarters in Aix-en-Provence is set to become a "Quantum Corridor," focusing on post-quantum semiconductors and identity-focused microchips [14].

Core Viewpoint - SEALSQ Corp, a subsidiary of WISeKey International Holding Ltd, has received final approval from the French Ministry of the Economy for the acquisition of IC'ALPS, enhancing its capabilities in the semiconductor sector and expanding its workforce in France [1][2]. Acquisition Details - The acquisition of IC'ALPS was completed for a total fixed purchase price of EUR 12.5 million, with an additional earn-out payment of up to EUR 4 million contingent on revenue targets [3]. - Approximately 90 employees from IC'ALPS have joined SEALSQ, increasing the total staff in France to over 150 [2]. Financial Performance of IC'ALPS - For the year ended December 31, 2024, IC'ALPS reported revenue of EUR 9,756,000 and a net loss of EUR 2,016,000, while in 2023, it had revenue of EUR 8,465,000 and net income of EUR 318,000 [5]. - The financial statements of IC'ALPS will be prepared under US GAAP, which may lead to significant differences from the preliminary figures [6]. Business Continuity and Expertise - IC'ALPS will continue to provide bespoke ASIC design services, maintaining its established certifications in medical, aerospace, and automotive applications [7]. - The company has partnerships with leading silicon foundries, enhancing its reputation as a reliable design partner [7]. Strategic Vision & Product Innovation - The acquisition aims to leverage SEALSQ's expertise in quantum-resistant chip technology alongside IC'ALPS' capabilities in ASIC design, creating a synergy for developing secure, tailor-made ASICs [8]. - SEALSQ plans to offer an end-to-end EU sovereign Secure ASIC solution, integrating advanced security IP with IC'ALPS' design capabilities [8]. Key Developments - A significant outcome of this collaboration is the development of SEALSQ's QVault TPM, expected to launch initial samples in Q1 2026 [9][10]. - The integration of SEALSQ's security IPs into ASIC designs will enhance security for high-stakes industries, including healthcare and automotive [11]. Market Context - The demand for secure, high-performance ASICs is growing in a projected $36.8 billion market by 2032, driven by concerns over quantum threats and traditional vulnerabilities [12]. - ASICs with integrated security are positioned to provide unmatched performance and energy efficiency while addressing vulnerabilities to quantum computing attacks [14]. Strategic Quantum Corridor - SEALSQ's operational headquarters in Aix-en-Provence is set to become a "Quantum Corridor," focusing on post-quantum semiconductors and identity-focused microchips [15].

Core Insights - SEALSQ Corp has successfully completed the cryptographic toolbox validation stage for its QS7001 post-quantum hardware platform, which is expected to be available in Q4 2025 for early customers [1][2] - The QS7001 platform implements NIST-standardized post-quantum cryptographic algorithms, including Kyber and Dilithium, and is designed for low-latency, high-throughput encryption [2][6] - The company is also developing the QVault TPM, which integrates a TPM 2.0 stack on the QS7001 platform, targeting the PC, laptop, and IoT devices market, with a planned launch in H1 2026 [7] Product Features and Benefits - The QS7001 is a RISC-V-based secure hardware platform that provides quantum-resistant security and is optimized for energy-efficient operation in IoT and edge devices [3][6] - Key features include tamper-resistant security, scalable integration for various applications, and regulatory compliance with the EU Cyber Resilience Act [6][7] - The platform aims to protect sensitive data across multiple sectors, including automotive, healthcare, and critical infrastructure, ensuring long-term data integrity against quantum attacks [6][9] Market Position and Strategy - SEALSQ positions itself as a leader in post-quantum technology, focusing on developing state-of-the-art quantum-resistant cryptography and semiconductors to address security challenges posed by quantum computing [8][9] - The company emphasizes the importance of its products in safeguarding critical systems and enhancing resilience across diverse industries, thereby maintaining a competitive edge in the market [9]