SAN
JOSE, Calif., Jan. 7, 2025
/PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a
developer of embedded FPGA (eFPGA) Hard IP and ruggedized FPGAs,
today announced its Board of Directors is actively exploring
options for its wholly-owned subsidiary, SensiML. Preliminary
discussions are underway with potential strategic partners
regarding the possible sale of SensiML or its assets.
With the increasing interest in applying Artificial Intelligence
(AI) and Machine Learning (ML) in edge applications, there are
clearly defined opportunities for SensiML's future growth.
However, with the success of QuickLogic's eFPGA Hard IP and
ruggedized FPGA business, the Company will focus all its resources
on leveraging and growing the cornerstones of its core business
model.
This decision has been influenced by recent events,
including eFPGA Hard IP design wins with strategic customers,
expansion of large government ruggedized FPGA and eFPGA Hard IP
contracts, performance improvements of its eFPGA Hard IP products,
the recent change in the eFPGA market competitor landscape, and an
increase in inbound interest from customers of former eFPGA market
competitors.
"When we acquired SensiML, there were clear leverage
opportunities between its unique AI/ML software and our focus on
sensor processing opportunities," said Brian Faith, CEO of QuickLogic. "However, with
the success and profitability of our eFPGA Hard IP and ruggedized
FPGA products we are electing to focus all of our resources towards
the growth of our core business model and the Storefront
opportunities it leverages."
We encourage you to read the Company's disclosures on Form 8-K
filed with the SEC today in conjunction with the Company's Form
10-K filed on March 27, 2024, and
previously filed quarterly financials on Forms 10-Q for additional
information.
About QuickLogic
QuickLogic Corporation is a fabless semiconductor company
specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI
solutions. QuickLogic's unique approach combines cutting-edge
technology with open-source tools to deliver highly customizable,
low-power solutions for industrial, aerospace, consumer, and
computing markets. For more information, visit
www.quicklogic.com.
QuickLogic and logo are registered trademarks of QuickLogic.
All other trademarks are the property of their respective holders
and should be treated as such.
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SOURCE QuickLogic Corporation