Core Viewpoint - SEALSQ Corp has entered exclusive negotiations to acquire 100% of IC'ALPS SAS, a specialist in ASIC design, to enhance its capabilities in the post-quantum technology sector and meet growing market demands [1][2][8]. Group 1: Acquisition Details - The acquisition is contingent upon due diligence, definitive agreements, and regulatory approval from French authorities [1]. - The deal aims to integrate IC'ALPS' expertise in ASIC design with SEALSQ's security IP portfolio, enhancing scalability and development timelines [3][6]. Group 2: Strategic Importance - This acquisition is part of SEALSQ's strategy to expand into the ASIC market, leveraging its QS7001 quantum-resistant hardware architecture [2]. - The merger is expected to position SEALSQ as a key player in the security ICs industry, both in Europe and globally [3][5]. Group 3: Market Context - The global ASIC market is projected to grow from 36.80 billion by 2032, with a CAGR of 6.9% [11]. - ASICs offer superior performance and lower power consumption compared to alternatives, making them increasingly attractive for specialized applications [11]. Group 4: Company Profiles - IC'ALPS specializes in ASIC and SoC development, with over 100 engineers and expertise in various sectors including medical, automotive, and IoT [9]. - SEALSQ focuses on post-quantum technology, integrating semiconductors and cryptographic solutions to address security challenges posed by quantum computing [10][12].
SEALSQ Enters Into Exclusive Negotiations to Acquire 100% of IC'ALPS