SEALSQ Corp ("SEALSQ" or "the Company"), a leader in
semiconductors, PKI, and Post-Quantum technology, today announced a
significant initiative to establish an Open Semiconductors Assembly
and Test (OSAT) Center in Saudi Arabia, at LEAP, the world's
premier technology event, which will take place from March 4-7 at
the Riyadh Exhibition and Convention Center in the capital's Malham
district, in Saudi Arabia. LEAP, celebrated as Saudi Arabia's
"Digital Davos," has attracted over 172,000 participants, and is
highlighting Generative AI (GAI) and its transformative impact on
industries globally, with a keen focus on developments in Saudi
Arabia.
OSAT is designed to offer a comprehensive array of testing
services, including wafer and final tests, as well as assembly
services for various semiconductor packages such as QFN, BGA,
WLCSP, and others. This initiative is a key component of a larger
strategy aimed at developing Semiconductor Personalization Centers
through Public-Private Partnerships (PPP). SEALSQ is currently in
active discussions to launch three major projects across Europe,
the Middle East, and the Far East. These OSAT centers will employ
RISC-V technology for chip design, focusing on local manufacturing
to meet the highest standards of security and certification from
authoritative bodies like Common Criteria and NIST.
Notably, this Saudi Arabia-based OSAT initiative is part of
SEALSQ's dedication to advancing semiconductor technology by
integrating quantum-resistant cryptographic capabilities to combat
the looming threats posed by quantum computing. This involves
embedding post-quantum cryptographic algorithms directly within the
semiconductor architecture and offering robust protection against
both present and future cryptographic challenges. Moreover, the
incorporation of AI into this new generation of semiconductors is
expected not only to enhance performance but also to introduce
adaptive, intelligent security and efficiency protocols directly
into the hardware. This paves the way for semiconductors that are
quantum-resistant, self-optimizing, and capable of adapting to
emerging threats and operational demands.
The fact that SEALSQ is a spin-off of WISeKey International
Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a renowned
player in the field of cybersecurity and IoT, further solidifies
this Saudi Arabia initiative. WISeKey has already established a
foothold in the Saudi market through a joint venture with E.A.
Juffali & Brothers (“Juffali Group”, a prominent local company.
This partnership aims to leverage WISeKey's expertise in
cybersecurity and digital identity solutions to enhance the
security features of the semiconductors developed at the OSAT
center. By combining SEALSQ's innovative semiconductor technologies
with WISeKey's cutting-edge cybersecurity solutions, the venture is
set to usher in a new era of semiconductor technology that
addresses the critical need for secure and efficient digital
systems in the age of quantum computing and beyond.
This convergence of SEALSQ's semiconductors, post-quantum
cryptography, and AI, bolstered by the strategic collaboration with
WISeKey and Juffali Group, heralds a transformative shift in
semiconductor technology. It emphasizes the essential need for
heightened security measures in the quantum computing era while
capitalizing on the adaptive capabilities of AI. This collaboration
aims to produce semiconductors that are not only extraordinarily
secure but also supremely efficient, marking a significant
milestone in the industry's evolution.
In an era defined by digital transformation and technological
innovation, Saudi Arabia is positioning itself as a pivotal player
in the global semiconductor industry. The Kingdom's ambitious
Vision 2030 plan not only aims to diversify its economy beyond oil
but also to harness the power of semiconductors to fuel its future
growth, sustainability, and technological sovereignty. At the heart
of Saudi Arabia's economic strategy is a push towards
diversification. Semiconductors, the tiny chips that power
everything from smartphones to satellites, are critical to this
vision. As the Kingdom invests in technology, manufacturing, and
renewable energy sectors, the demand for these microelectronic
marvels is skyrocketing.
Saudi Arabia's commitment to building smart cities, epitomized
by the ambitious NEOM project, underscores the crucial role of
semiconductors. These futuristic urban developments aim to
integrate IoT, AI, robotics, and autonomous vehicles into daily
life, all of which rely heavily on semiconductor technology for
their operation.
The Kingdom's pivot towards renewable energy sources like solar
and wind also highlights the growing need for semiconductors. These
materials are essential for solar panels, power inverters, and
energy storage systems, aligning with Saudi Arabia's goal to create
a more sustainable energy landscape.
The semiconductor revolution extends into healthcare and
automotive manufacturing as well. With the healthcare sector
embracing diagnostic equipment, wearable devices, and telemedicine,
semiconductors stand as the backbone of innovation. Similarly, as
the automotive industry shifts towards electric vehicles, the
demand for sophisticated semiconductor technology is expected to
grow exponentially.
Central to Saudi Arabia's vision is the development of a
knowledge-based economy, necessitating significant investments in
STEM education and research. By fostering a new generation of
engineers and scientists with expertise in semiconductor
technology, the Kingdom aims to build a robust talent pipeline to
fuel its technological ambitions.
As Saudi Arabia strides confidently towards its Vision 2030
objectives, the semiconductor industry emerges as a critical pillar
of its economic and technological strategy. By leveraging the
transformative power of these tiny chips, the Kingdom is not just
preparing to meet the demands of the future—it's positioning itself
to shape it. With strategic investments, partnerships, and an
unwavering commitment to innovation, Saudi Arabia is on a path to
becoming a global powerhouse in the semiconductor realm, powering
everything from its smart cities to its security systems with the
technology of tomorrow.
About SEALSQ:SEALSQ focuses on
selling integrated solutions based on Semiconductors, PKI and
Provisioning services, while developing Post-Quantum technology
hardware and software products. Our solutions can be used in a
variety of applications, from Multi-Factor Authentication tokens,
Smart Energy, Smart Home Appliances, and IT Network Infrastructure,
to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to
cryptographic methods that are secure against an attack by a
quantum computer. As quantum computers become more powerful, they
may be able to break many of the cryptographic methods that are
currently used to protect sensitive information, such as RSA and
Elliptic Curve Cryptography (ECC). PQC aims to develop new
cryptographic methods that are secure against quantum attacks.
For more information please
visit www.sealsq.com.
Forward-Looking Statements
This communication expressly or implicitly
contains certain forward-looking statements concerning SEALSQ Corp
and its businesses. Forward-looking statements include statements
regarding our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include SEALSQ’s
ability to implement its growth strategies; SEALSQ’s ability to
successfully launch post-quantum semiconductor technology; SEALSQ’s
ability to capture a share of the quantum semiconductor market; the
growth of the quantum computing market; SEALSQ’s ability to expand
its U.S. operations; SEALSQ’s ability to enhance its production
facilities in the U.S. and France; SEALSQ’s ability to make
additional investments towards the development of a new generation
of quantum-ready semiconductors; the success of SEALCOIN; SEALSQ’s
ability to continue beneficial transactions with material parties,
including a limited number of significant customers; market demand
and semiconductor industry conditions; the growth of the quantum
computing market; and the risks discussed in SEALSQ’s filings with
the SEC. Risks and uncertainties are further described in reports
filed by SEALSQ with the SEC.
SEALSQ Corp is providing this communication as of this date and
does not undertake to update any forward-looking statements
contained herein as a result of new information, future events or
otherwise.
SEALSQ
Corp.Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@sealsq.com |
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com |
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