GENEVA - SEALSQ Corp (NASDAQ:LAES), a leader in semiconductor and post-quantum cybersecurity solutions with a market capitalization of $399 million, has announced that its technology now secures 1.75 billion devices globally. The company, which generated revenue of $20.14 million in the last twelve months, has seen its stock surge over 44% in the past week according to InvestingPro data. This milestone highlights the company’s commitment to digital security amid the rise of quantum computing and increasing demand for post-quantum cryptographic (PQC) solutions.
The significance of SEALSQ’s achievement is underlined by the upcoming Quantum Day hosted by NVIDIA on March 20, 2025, which will focus on the evolution of quantum computing and the necessity for post-quantum cryptography. As industries brace for the impact of quantum technology, SEALSQ’s strategic focus on PQC positions it at the vanguard of the sector. InvestingPro analysis indicates the company maintains a healthy financial position with a current ratio of 3.58, suggesting strong liquidity to fund its technological advancement.
SEALSQ has integrated National Institute of Standards and Technology (NIST)-approved PQC standards, such as CRYSTALS-Kyber and CRYSTALS-Dilithium, into its semiconductor designs. This move ensures that its products offer robust protection against potential quantum computing threats, which could render traditional cryptographic methods like RSA and ECC ineffective.
The company’s security solutions, including secure microcontrollers, TPM chips, and HSMs, are embedded with PQC, providing a defense against emerging threats. These products are essential in protecting a wide array of industries, from IoT and industrial automation to healthcare and automotive systems.
A key aspect of SEALSQ’s security architecture is the WISeKey Root of Trust, installed in over 6 billion devices, which supports a zero-trust security environment. This trusted foundation enables strong authentication and encrypted communications, vital for industries that manage sensitive data and critical operations.
SEALSQ’s hybrid cryptographic model facilitates a smooth transition to post-quantum security while maintaining compatibility with existing systems. The company is also advancing in quantum key distribution (QKD) technologies, which use quantum entanglement to generate secure encryption keys.
This announcement by SEALSQ is based on a press release statement and underscores the company’s role as a trusted provider of cybersecurity solutions in the post-quantum era, ensuring that businesses and governments are safeguarded against future cyber threats. While the company shows promising technological advancement, InvestingPro analysis suggests the stock is currently trading above its Fair Value. Investors can access 12 additional exclusive ProTips and comprehensive financial metrics by subscribing to InvestingPro, helping them make more informed investment decisions in the rapidly evolving cybersecurity sector.
In other recent news, SEALSQ Corp has made significant strides in its investment and expansion strategies. The company has earmarked $20 million for investments in startups specializing in quantum computing and AI-driven semiconductor technologies. SEALSQ has invested in ColibriTD to integrate its Quantum-as-a-Service platform into SEALSQ’s Quantum Roadmap. Additionally, SEALSQ is in exclusive negotiations to acquire IC ALPS SAS, a French ASIC design and supply firm, to enhance its ASIC development capabilities.
Furthermore, SEALSQ announced plans to establish SEALSQ Singapore Ltd, a subsidiary aimed at enhancing semiconductor manufacturing capabilities in Asia. This move is part of SEALSQ’s commitment to advancing semiconductor security technologies and strengthening its Asian supply chain. The company also launched a Quantum Cloud Computing Service in partnership with ColibriTD, designed to offer scalable access to quantum resources and support semiconductor industry challenges.
SEALSQ has also expanded its global reach through new distribution and sales agreements with partners in Europe, Asia, and the Middle East. These partnerships aim to increase the availability of SEALSQ’s secure microcontrollers and post-quantum-ready solutions. In addition, SEALSQ released the QS7001 Post-Quantum Secure Chip to protect cryptocurrency wallets from quantum computing threats, emphasizing the importance of adopting quantum-resistant measures promptly.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.