SEALSQ Receives Final Approval from the French Ministry of the Economy, Finance and Industrial and Digital Sovereignty and Completes Acquisition of IC'ALPS Geneva, Switzerland – August 4, 2025 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) ("WISeKey" or "the Company"), a global leader in cybersecurity, digital identity, and IoT technologies, today announced that its subsidiary, SEALSQ Corp ("SEALSQ"), a leading developer and prov ...

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]