QuickLogic Secures New eFPGA IP Contract on UMC's 22nm Process, Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
QuickLogic Corporation (NASDAQ:QUIK) has secured a new contract to provide embedded FPGA (eFPGA) IP for a leading global semiconductor company, targeting the UMC 22nm process. The financial terms of the deal have not been disclosed.
November 30, 2023 | 10:05 am
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QuickLogic Corporation has entered into a new contract to supply eFPGA IP on the UMC 22nm process, which could potentially increase its market presence and revenue streams.
Securing a new contract with a leading semiconductor company is a positive development for QuickLogic, indicating potential growth in its eFPGA business. While the financial terms are undisclosed, the partnership itself could be seen as a vote of confidence in QuickLogic's technology, possibly leading to an increase in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90