US Stocks Movement | SEALSQ Corp (LAES.US) Rises Over 8% with Post-Quantum Cryptography Chip Launch

Stock News
Oct 17

On Friday, SEALSQ Corp (LAES.US) saw its stock price rise by over 8%, reaching $6.889. This surge comes in light of the company's announcement to launch a post-quantum cryptography chip and develop quantum-specific integrated circuits (Quantum ASICs) along with related intellectual property. Additionally, the company aims to create secure systems based on chiplet architecture, which is a core strategy following its recent acquisition of the French ASIC design firm IC’Alps. SEALSQ anticipates that the first chip prototype will be unveiled next year. The company noted that the integrated team will be positioned to offer a diverse range of secure hardware products, including standard chips, custom integrated circuits, and security IP solutions, to meet the growing market demand for quantum-resistant semiconductors and localized R&D.

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