RISC-V technology is revolutionizing the
microchip industry, challenging established giants and paving the
way for transformative changes. By the end of 2022, the industry
had already embraced over 10 billion RISC-V cores, with thousands
of engineers globally contributing to RISC-V projects.
Geneva, Switzerland - May 24, 2024 - SEALSQ Corp ("SEALSQ" or
"Company") (NASDAQ: LAES), a company that focuses on developing and
selling Semiconductors, PKI and Post-Quantum technology hardware
and software products, and a pioneer in high-performance RISC-V AI
processors, today announces the breakthrough adoption and future
potential of its RISC-V technology. Projected to secure nearly 25%
of the global market share by 2030, SEALSQ's RISC-V chips are
driving a paradigm shift in the microchip industry, propelled by
the burgeoning demand for AI and machine learning applications.
SEALSQ is recognized as a leading innovator in the development
of high-performance RISC-V AI processors and secure
microcontrollers. The Company's commitment to leveraging
open-source technology and adhering to the highest security
standards positions it as a key player in the evolving microchip
industry. SEALSQ's mission is to deliver cutting-edge solutions
that meet the demands of AI, machine learning, and
quantum-resistant security.
“Since the adoption of a RISC-V architecture, our R&D has
been able to add our 25- year experience of countermeasures against
side channel or intrusive attacks and sensors for designing a new
generation of Secure Element roadmap,” said Jean-Pierre Enguent,
SEALSQ France R&D VP.
SEALSQ's adoption of RISC-V, will materialize with a First
engineering samples in late 2024 and a Certified Ready for
production in Q3 2025.
Since its first introduction in 2010, RISC-V is experiencing
rapid growth. According to research by Semico, the RISC-V market is
expected to expand at an impressive CAGR of 73.6% per year through
2027, resulting in the production of approximately 25 billion AI
chips and generating $291 billion in revenue. This exponential
growth underscores the transformative impact of RISC-V
technology.RISC-V, an open-source instruction set architecture
(ISA), is poised to challenge the dominance of powerful GPUs in the
AI landscape. RISC-V's open-source nature allows developers to
tailor the architecture to specific AI workloads. This means
creating specialized processors optimized for particular AI tasks,
which can outperform the general-purpose nature of GPUs.
Additionally, developers can add custom extensions to the RISC-V
ISA, crafting domain-specific accelerators that handle AI
computations more efficiently.
RISC-V reduces development costs since it eliminates the
licensing fees associated with proprietary ISAs used by traditional
GPUs. This cost-effectiveness is particularly beneficial for
startups and smaller companies. Moreover, custom RISC-V chips can
be designed with only the necessary features, avoiding the extra
costs linked to unused functionalities found in generalized GPU
architectures.
RISC-V processors can be optimized for energy efficiency, making
them ideal for AI applications that require significant
computational power while managing power consumption, such as edge
AI and mobile applications. By designing RISC-V processors with
specific AI accelerators, they can achieve higher
performance-per-watt compared to general-purpose GPUs, making them
suitable for energy-sensitive environments.
RISC-V’s modular approach supports scalable designs, ranging
from small, low-power cores for edge devices to large, multi-core
systems for data centers. This scalability allows for precise
performance matching to various AI applications. Furthermore,
RISC-V cores can be integrated into heterogeneous computing
environments, working alongside other specialized processors to
provide a balanced and efficient AI processing platform.
The open nature of RISC-V fosters a collaborative environment
where innovation thrives. This can lead to the rapid development of
new AI-specific features and enhancements, keeping pace with
evolving AI technologies. The RISC-V ecosystem is expanding, with
increasing support from hardware and software vendors, which can
drive broader adoption and further innovation in AI processing
capabilities.
The advancing software stack for RISC-V is improving, with
growing support for AI development tools, libraries, and
frameworks. This robust software ecosystem helps developers
efficiently implement AI solutions on RISC-V processors, making it
a viable competitor to traditional GPUs. RISC-V’s customization
capabilities, cost and energy efficiency, scalability, and
fostering of innovation position it as a strong contender against
powerful GPUs in the AI domain. As the RISC-V ecosystem continues
to grow and evolve, it could significantly impact the AI processing
landscape.
SEALSQ has positioned itself at the forefront of this revolution
with its high-performance RISC-V AI processors. These processors,
currently undergoing testing by early partners, are designed to
compete with powerful GPUs in AI recommendation systems. The
open-standard instruction set architecture of RISC-V allows
developers to customize and optimize CPUs for specific
applications, fostering unprecedented innovation and
collaboration.
SEALSQ has achieved a significant milestone with the development
of a RISC-V post-quantum test chip. This chip aligns with the
highest security standards, such as Common Criteria EAL5+ and
NIST-FIPS, and is capable of running quantum-resistant
cryptographic algorithms. The first commercial version of this new
platform is set to start sampling in late 2024. It will comply with
the widely-recognized TPM 2.0 standard, catering to diverse secure
chip market segments, including IoT, automotive, healthcare, and
smart energy applications.
Between 2024 and 2030, RISC-V-based chip shipments are expected
to increase by 50% annually, peaking at 17 billion chips in 2030
alone. Industrial applications will dominate, accounting for 46% of
sales, while the automotive sector is anticipated to experience the
highest growth at 66% annually. The secure microcontroller (MCU)
market is also set to grow to $2.2 billion by 2026, driven by
demand from utilities, industrial IoT, smart cities, and buildings.
Furthermore, the trusted platform module (TPM) market is projected
to expand at a CAGR of 13% from 2023 to 2035, reaching $6 billion
by 2035. The open-source nature of RISC-V, along with its
scalability, energy efficiency, and customizable architecture,
positions it as a versatile solution for a diverse range of
applications. Its ability to foster collaboration and drive
innovation, coupled with a design that’s both agile and
future-proof, sets RISC-V to potentially redefine industry
standards and market dynamics. For more information visit
https://www.nasdaq.com/articles/the-next-revolution-in-the-microchip-industry
The secure microcontroller (MCU) market is expected to grow to
US$2.2 billion by 2026, according to a new 2023 report from ABI
Research. Demand for security, especially in general purpose
microcontrollers, will ensure the secure MCU market continues to be
a high priority for device OEMs. Strong market demand will stem
from utilities and industrial IoT, and from smart cities and
buildings, notably for MCUs with Trusted Execution Technologies
that can securely run mission-critical and highly sensitive
applications at the edge. In parallel, the global trusted platform
module (TPM) market size is slated to expand at ~ 13% CAGR between
2023 and 2035. The market is poised to garner a revenue of $6
billion by the end of 2035, up from a revenue of ~$2 billion in the
year 2022, due to the growing affordability of connected devices
such as laptops, smartphones, and tablets, as well as the
convenience they offer with regards to communication,
entertainment, and work.
SEALSQ's innovations are set to redefine industry standards and
market dynamics. The RISC-V architecture's scalability, energy
efficiency, and customizable design make it a versatile solution
for a wide range of applications. With thousands of engineers
globally contributing to RISC-V projects, the architecture is
poised to foster unparalleled collaboration and drive future-proof
innovations.
About SEALSQSEALSQ 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 StatementsThis 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 generate revenue from emerging new
semiconductors; SEALSQ’s ability to generate revenue from Matter
certification and the new cyber trust mark standards; the
successful introduction of the WISeSat picosatellite constellation;
SEALSQ's ability to continue beneficial transactions with material
parties, including a limited number of significant customers;
market demand and semiconductor industry conditions; 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.Press and investor contacts
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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