SEALSQ Corp

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

SEALSQ has named Daniel Brau chief quantum officer. Brau joined SEALSQ through the acquisition of Miraex, the Swiss company he founded for photonics-based quantum interconnects; SEALSQ now uses Miraex as a subsidiary for quantum networks. He will lead the strategic and commercial development of the SEALQuantum ecosystem and transition quantum technologies into a revenue-generating platform. His responsibilities include integrating quantum computing, quantum networking, photonics, post-quantum cryptography and related areas, as well as supporting the Geneva Quantum Center of Excellence. » More on de.investing.com