PROSPECTUS SUPPLEMENT SUMMARY
This summary highlights selected information contained elsewhere or incorporated by reference in this prospectus supplement and the accompanying
prospectus. This summary does not contain all the information you should consider before investing in our securities. You should read and consider carefully the more detailed information in this prospectus supplement and the accompanying prospectus,
including the factors described under the heading Risk Factors in this prospectus supplement and the financial and other information incorporated by reference in this prospectus supplement and the accompanying prospectus, as well as the
information included in any free writing prospectus that we have authorized for use in connection with this offering, before making an investment decision.
Company Overview
Our vision is to transform the way
people and devices interact with each other and their surroundings. Our mission is to provide innovative platforms to successfully enable our customers to develop products that fundamentally change the
end-user
experience. Specifically, we are a fabless semiconductor company that designs, markets, and supports primarily silicon solutions, as well as Field Programmable Gate Arrays, or FPGAs, software drivers,
associated design software and programming hardware, and embedded FPGA, or eFPGA, intellectual property, or IP, called ArcticPro. QuickLogics products enable smartphone, wearable, hearable, tablet and
Internet-of-Things,
device original equipment manufacturers, or OEMs, to deliver highly differentiated, immersive user experiences and long battery life for their customers.
Our solutions are created from our new silicon platforms including our EOS, ArcticLink
®
III,
PolarPro
®
3, PolarPro II, PolarPro, and Eclipse II products (which together comprise our new product category). Our mature products include primarily pASIC
®
3 and QuickRAM
®
as well as programming hardware and design software. In addition to delivering our own semiconductor solutions, we have an
IP business that licenses our eFPGA, technology for use in other semiconductor companies SoCs. We began delivering eFPGA IP product ArcticPro in 2017.
Our semiconductor solutions typically fall into one of three categories: Sensor Processing, Display and Visual Enhancement, and Smart Connectivity. Our
solutions include a unique combination of our silicon platforms, IP, custom logic, software drivers, and, in some cases, firmware, and application software. All of our silicon platforms are standard devices and must be programmed to be effective in
a system. Our IP range from those that enable
always-on
context-aware sensor applications, such as our Flexible Fusion Engine, our Sensor Manager and Communications Manager technologies, as well as IP that
(i) improves multimedia content, such as our Visual Enhancement Engine technology, and Display Power Optimizer technology; and (ii) implements commonly used mobile system interfaces, such as Low Voltage Differential Signaling, Mobile
Industry Processor Interface, and Secure Digital Input Output. We provide complete solutions by first architecting the solution jointly with our customers or ecosystem partners engineering group, selecting the appropriate solution
platform and IP, providing custom logic, integrating the logic, programming the device with the IP and/or firmware, providing software drivers or application software required for the customers application, and supporting the customer
on-site
during integration, verification and testing. In many cases, we may deliver software algorithms that have been optimized for use in a QuickLogic silicon platform.
We also work with mobile processor manufacturers, sensor manufacturers, and/or voice recognition, sensor fusion and context awareness algorithm developers in
the development of reference designs, Qualified Vendor Lists, or Catalog solutions. Through reference designs that incorporate our solutions, we believe mobile processor manufacturers, sensor manufacturers, and sensor and voice algorithm
companies can expand the served available market for their respective products. Furthermore, should a solution development for a processor manufacturer or sensor and/or sensor algorithm company be applicable to a set of common OEMs or original