SEALSQ and GlobalFoundries Partner to Accelerate Post-Quantum Cryptography and Quantum Computing
LAES sits 40% above its 52-week low of $1.99.
Summary
SEALSQ Corp and GlobalFoundries have announced a strategic Memorandum of Understanding to co-develop secure semiconductor platforms for Post-Quantum Cryptography (PQC) and quantum computing technologies. This partnership leverages GlobalFoundries' manufacturing capabilities with SEALSQ's expertise in hardware-based security and PQC solutions. The collaboration will focus on PQC security IP, secure chiplet architectures, and a CryoCMOS ecosystem for quantum computing systems. This is a significant validation for SEALSQ, building on its recent strategic moves in the quantum space, and could accelerate the commercialization and adoption of its advanced security technologies.
At the time of this announcement, LAES was trading at $2.79 on NASDAQ in the Technology sector, with a market capitalization of approximately $644.8M. The 52-week trading range was $1.99 to $8.71. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.