SEALSQ Corp

SEALSQ launches the SEALQUANTUM initiative and plans a target allocation of $200 million to develop a “Sovereign Quantum Vertical Stack.” The company invested about $24.5 million in total in Quobly (€15 million) and EeroQ ($7 million) to secure positions in silicon-based spin qubits and electron-on-helium architectures. SEALSQ also agreed a $5 million commercial cooperation with Quobly and intends to generate value through technology contracts, ASIC design, IP licensing, semiconductor sales, engineering services, and cybersecurity solutions. » More on de.investing.com

SEALSQ integrates its hardware security solution QS7001 into Palm Technologies' biometric payment products PalmPay and provides the technology and technical support for the secure element. Palm Technologies takes on product architecture, biometric design, firmware, system integration, regulatory compliance and go-to-market, initially for MetPalm V1 in subways and toll systems. The partnership targets Indian payments, commerce, defense communications, transport and fare systems as well as applications in drones, e-vehicles, robotics and IoT and retains each company's existing intellectual property. » More on de.investing.com

SEALSQ will launch the second phase of an investment program in September and plans to deploy an additional $100 million into quantum technology assets by the end of 2027. This will fund a total $200 million capital allocation program; more than $65 million has already been invested. The funds are intended for post-quantum semiconductors, quantum-resistant cryptography, secure communications, digital identity, edge computing, embedded AI and satellite infrastructure. SEALSQ has also signed a memorandum of understanding with GlobalFoundries on secure semiconductor platforms and CryoCMOS technologies, but has not disclosed specific transaction targets or timelines. » More on de.investing.com