SEALSQ Announces Launch Of Quantum-Resistant Secure Chips And Partnerships For Chip Design Centers; Despite H1 2024 Slowdown, Expects Stronger H2 And Growth In 2025 With $71M New Business Pipeline
Portfolio Pulse from Benzinga Newsdesk
SEALSQ has announced the launch of quantum-resistant secure chips and new partnerships for chip design centers. Despite a slowdown in the first half of 2024, the company expects a stronger second half and significant growth in 2025, with a $71 million new business pipeline.
July 25, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
SEALSQ, under the ticker LAES, has launched quantum-resistant secure chips and announced new partnerships for chip design centers. The company anticipates a slowdown in H1 2024 but expects a stronger H2 and significant growth in 2025 with a $71 million new business pipeline.
The launch of quantum-resistant secure chips and new partnerships are positive developments for SEALSQ (LAES). Although the company expects a slowdown in the first half of 2024, the anticipated stronger second half and significant growth in 2025 with a $71 million new business pipeline are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100