QuickLogic Corporation (NASDAQ: QUIK) shares barely moved Tuesday. The company, a leading developer of embedded FPGA (eFPGA) IP and User Tools, ruggedized FPGAs, and Endpoint AI/ML solutions, today announced the successful delivery of eFPGA IP for TSMC's N12e 12nm process to a large multi-national customer, achieving delivery in record time—within three months from finalizing specifications to IP completion. This follows the announcement in March of this year, when QuickLogic secured the contract and began working closely with the customer to define the bespoke eFPGA IP that meets their specific requirements.
This morning’s news release also reported the swift execution highlights QuickLogic's ability to meet demanding timelines and provides confidence in its capacity to deliver tailored eFPGA IP solutions across various applications. The IP delivered for this contract is designed for a new ultra-low-power SoC targeting commercial and industrial IoT markets. With QuickLogic's eFPGA technology, the solution enables fast adaptation to evolving AI algorithms while delivering significant power and throughput advantages over traditional software solutions.
"Our commitment to accelerating development schedules is evident in this latest achievement," said Brian Faith, QuickLogic CEO. "The combination of our decades of experience and our proprietary Australis IP Generator allows us to deliver custom IP solutions rapidly, targeting any foundry or fabrication node."
QUIK shares settled 9.5 cents to $1.24.
