SEALSQ Announces an Initiative Focused on Semiconductor Personalization Centers, SEALCOINS Incentivization, and Advanced IoT Integration Aiming to Mitigate Global Dependency on Semiconductor Manufacturing and Fortify Microchip Deployment Ca
January 23 2024 - 9:00AM
SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ:
LAES), a leader in the fields of Semiconductors, PKI, and
Post-Quantum technology, today announced a groundbreaking strategy
set to incentivize the creating of Semiconductors Personalization
Centers to contribute into the decentralization of the global
semiconductor, cryptocurrency, AI and IoT sectors.
The initiative encompasses the development of Semiconductor
Personalization Centers through Public-Private Partnerships (PPP),
and the introduction of SEALCoins to support this advanced venture.
SEALSQ is currently in negotiation for three major projects in
Europe, Middle East and Far East to implement a process known as
OSAT (Open Semiconductors Assembly and Test) Centers which are run
by experienced hardware designers to create the chip design using
RISC-V technology. The chips are built locally at the SEALSQ
centers to meet the highest security standards and certifications
from bodies such as Common Criteria and NIST. Carlos Moreira, CEO
of SEALSQ, emphasizing the strategic significance, noted: "In
today's tech-driven world, control over semiconductor supply is not
just an economic advantage, it's a national security imperative.
Our initiative empowers countries to establish local semiconductor
personalization centers, ensuring uninterrupted access to these
critical components."
SEALCoins Incentivization and Production:
SEALSQ is allocating 100 million SEALCoins to each Semiconductor
Personalization Center. This effort is designed to back the
production of 100 million Quasar post-quantum semiconductors, with
each semiconductor being paired with at least one SEALCOIN. The
value of a SEALCOIN is secured by the value of a Quasar Post
Quantum chip. Currently in its pre-registration phase, SEALCOIN is
expected to hit various exchanges by the end of Q2 2024.
Quantum Computing Threat to Cryptocurrencies:
Addressing the looming threat posed by quantum computing to
cryptocurrencies, SEALSQ's initiative is a timely response. Quantum
computing poses a significant risk to public key cryptography,
currently safeguarding cryptocurrencies, making them susceptible to
quantum attacks. This could undermine trust in digital currencies
and compromise transactions.
This groundbreaking initiative aims to mitigate global
dependency on semiconductor manufacturing and fortify microchip
deployment capabilities.
In a world where the semiconductor market size is projected to
reach $726.73 billion by 2027, growing at a CAGR of 4.7% from 2020
to 2027 (according to a Fortune Business Insights report), the
importance of self-sufficiency in semiconductor production cannot
be overstated. SEALSQ's initiative is timely, and it is addressing
the urgent need for countries to secure their supply chains amid a
persistent global shortage of semiconductors. This venture not only
addresses the current semiconductor shortage but also sets the
stage for a future where technology and personalization converge to
redefine the global technological landscape.
In the IoT era, where personalization and technology convergence
redefine customer engagement, SEALSQ's initiatives in semiconductor
personalization and IoT integration signify a major stride towards
technological self-reliance and economic advancement for
participating countries. This venture not only addresses the
current semiconductor shortage but also sets the stage for a future
where technology and personalization converge, redefining the
global technological landscape.
SEALSQ’s comprehensive solution spans in secure elements,
cryptographic keys, and hardware security modules. The initiative
is not just about technology transfer; it includes complete
hardware and software provisioning, training, and continuous
support. This holistic approach is set to bolster industries like
automotive, aerospace, and healthcare, where secure and reliable
microchips are indispensable.
Beyond bolstering supply chain security, the establishment of
these centers is a potent economic catalyst. Localized production
and customization of microchips will generate jobs and invigorate
economies, fostering technological innovation and industry growth
within participating countries.
SEALSQ’s recent foray into providing Security Services and
Semiconductors to IoT device manufacturers adopting Matter Protocol
further highlights the interconnectedness of semiconductor
technology and IoT. The Matter Protocol, a leading standard for
smart home devices developed by the Connectivity Standards Alliance
(CSA), is set to surge the demand for semiconductors. Smart home
devices, increasingly embedded in our daily lives, rely on a
spectrum of semiconductor components, from microcontrollers to
wireless communication chips.
The burgeoning smart home market, expected to expand at a
staggering 29.3% CAGR from 2020 to 2027 (Allied Market Research),
underscores the escalating demand for semiconductors. This growth
trajectory is fueled by the rising adoption of smart devices,
energy-efficient solutions, and enhanced home security systems.
In the IoT era, personalization and technology convergence are
redefining customer engagement. IoT's potential to transform
everyday interactions into meaningful brand experiences is
unprecedented. From smart refrigeration systems to automated home
maintenance, IoT devices are reshaping how consumers interact with
technology, paving the way for an era of hyper-personalized,
intuitive experiences.
About SEALSQ:SEALSQ focuses on selling
integrated solutions based on Semiconductors, PKI and Provisioning
services, while developing Post-Quantum technology hardware and
software products. Our solutions can be used in a variety of
applications, from Multi-Factor Authentication tokens, Smart
Energy, Smart Home Appliances, and IT Network Infrastructure, to
Automotive, Industrial Automation and Control Systems.Post-Quantum
Cryptography (PQC) refers to cryptographic methods that are secure
against an attack by a quantum computer. As quantum computers
become more powerful, they may be able to break many of the
cryptographic methods that are currently used to protect sensitive
information, such as RSA and Elliptic Curve Cryptography (ECC). PQC
aims to develop new cryptographic methods that are secure against
quantum attacks.For more information please visit
www.sealsq.com.Forward-Looking StatementsThis
communication expressly or implicitly contains certain
forward-looking statements concerning SEALSQ Corp and its
businesses. Forward-looking statements include statements regarding
our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include SEALSQ's
ability to implement its growth strategies; SEALSQ’s ability to
generate revenue from emerging new semiconductors; SEALSQ’s ability
to generate revenue from Matter certification and the new cyber
trust mark standards; the successful introduction of the WISeSat
picosatellite constellation; SEALSQ's ability to continue
beneficial transactions with material parties, including a limited
number of significant customers; market demand and semiconductor
industry conditions; and the risks discussed in SEALSQ's filings
with the SEC. Risks and uncertainties are further described in
reports filed by SEALSQ with the SEC.SEALSQ Corp is providing this
communication as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new
information, future events or otherwise.
SEALSQ Corp.Carlos
MoreiraChairman & CEOTel: +41 22 594 3000info@sealsq.com |
SEALSQ Investor Relations (US)The
Equity Group Inc.Lena CatiTel: +1 212 836-9611
/ lcati@equityny.comKatie MurphyTel: +212 836-9612
/ kmurphy@equityny.com |
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