QuickLogic (QUIK) Secures Five-year Contract for Its eFPGA IP

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QuickLogic QUIK announced that its embedded FPGA (eFPGA) IP has been chosen by an unnamed multinational company for the TSMC N12e, 12nm process. Per the company's press release, the eFPGA product was chosen for its capability to handle artificial intelligence (AI) data acceleration algorithms with improved power efficiency.

finance.yahoo.com/, Mar. 06, 2024 – 

This product is made for ultra-low-power SoC and uses AI advantages for various commercial and industrial uses. QuickLogic is benefiting from the growing use of its eFPGA IP Licensing products.

QUIK's new products segment contributes to the revenues generated from eFPGA IP intellectual property. In 2023, revenues from the company's new products contributed 86% to the total annual revenues.

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Over the last year, a robust stream of deals from the eFPGA division had a positive influence on the company. In September 2023, QUIK entered into an eFPGA IP agreement with an undisclosed company for eFPGA IP targeting the GlobalFoundries 22FDX platform.

Moreover, in January 2023, the company also partnered with Andes Technology Corporation to jointly promote eFPGA solution. The collaboration focused on assisting the latter's customers in integrating QuickLogic eFPGA technology with RISC-V processor-based subsystems. QUIK had similar agreements in 2022, including deals with Yu-Hsin Layout Technology and CHIP-gogo, which were centered around QuickLogic eFPGA technology.

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