QuickLogic Announces eFPGA IP Contract For TSMC N12e Process Technology
Portfolio Pulse from Benzinga Newsdesk
QuickLogic Corporation (NASDAQ:QUIK), a developer of embedded FPGA IP and other solutions, has been selected by a large multi-national company to provide eFPGA IP for the TSMC N12e, 12nm process. This IP, scheduled for delivery in fiscal year 2024, is aimed at creating an ultra-low-power SoC for commercial and industrial IoT applications, leveraging AI for data acceleration. QuickLogic's technology was chosen for its ability to adapt to changing AI algorithms, low power consumption, and high throughput.
March 05, 2024 | 1:16 pm
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QuickLogic Corporation has secured a significant contract to supply eFPGA IP for the TSMC N12e process, aimed at developing an ultra-low-power SoC for IoT applications, with delivery expected in fiscal year 2024.
This contract represents a significant business development for QuickLogic, indicating potential revenue growth and enhanced market position. The selection by a large multi-national company for such a critical technology component underscores QuickLogic's technological capabilities and innovation in the field of AI and IoT. This news is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price due to anticipated future revenue and strategic positioning benefits.
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