QuickLogic Signs 7-Figure eFPGA IP Contract For GlobalFoundries' 12LP Process
Portfolio Pulse from Benzinga Newsdesk
QuickLogic Corporation has signed a significant seven-figure contract to provide its embedded FPGA (eFPGA) Intellectual Property (IP) for GlobalFoundries' 12LP process. This deal underscores QuickLogic's expertise and the demand for its eFPGA solutions, potentially boosting its financial performance and market position.
February 28, 2024 | 1:12 pm
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QuickLogic's seven-figure eFPGA IP contract with GlobalFoundries for the 12LP process could significantly enhance its revenue and market standing.
The contract is a direct revenue source for QuickLogic, likely leading to an increase in its stock price in the short term. The deal not only boosts its financials but also strengthens its position in the eFPGA market, making it an attractive investment.
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