SEALSQ Offers Countries the Opportunity to Establish Their Own Semiconductor and IoT Personalization Centers
TORTOLA, British Virgin Islands, Nov. 15, 2023 (GLOBE NEWSWIRE) -- SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it is revolutionizing the semiconductor landscape by offering countries the opportunity to develop their own Semiconductor Personalization Centers through Public-Private Partnerships (PPP). This groundbreaking initiative aims to mitigate global dependency on semiconductor manufacturing and fortify microchip deployment capabilities.
In a world where the semiconductor market size is projected to reach USD 726.73 billion by 2027, growing at a CAGR of 4.7% from 2020 to 2027 (according to a Fortune Business Insights report), the importance of self-sufficiency in semiconductor production cannot be overstated. SEALSQ's initiative is timely, and it is addressing the urgent need for countries to secure their supply chains amid a persistent global shortage of semiconductors.
Carlos Moreira, CEO of SEALSQ, emphasizes the strategic significance: "In today's tech-driven world, control over semiconductor supply is not just an economic advantage, it's a national security imperative. Our initiative empowers countries to establish local semiconductor personalization centers, ensuring uninterrupted access to these critical components."
SEALSQ’s comprehensive solution spans secure elements, cryptographic keys, and hardware security modules. The initiative is not just about technology transfer; it includes complete hardware and software provisioning, training, and continuous support. This holistic approach is set to bolster industries like automotive, aerospace, and healthcare, where secure and reliable microchips are indispensable.
Beyond bolstering supply chain security, the establishment of these centers is a potent economic catalyst. Localized production and customization of microchips will generate jobs and invigorate economies, fostering technological innovation and industry growth within participating countries.
SEALSQ’s recent foray into providing Security Services and Semiconductors to IoT device manufacturers adopting Matter Protocol further highlights the interconnectedness of semiconductor technology and IoT. The Matter Protocol, a leading standard for smart home devices developed by the Connectivity Standards Alliance (CSA), is set to surge the demand for semiconductors. Smart home devices, increasingly embedded in our daily lives, rel on a spectrum of semiconductor components, from microcontrollers to wireless communication chips.
The burgeoning smart home market, expected to expand at a staggering 29.3% CAGR from 2020 to 2027 (Allied Market Research), underscores the escalating demand for semiconductors. This growth trajectory is fueled by the rising adoption of smart devices, energy-efficient solutions, and enhanced home security systems.
In the IoT era, personalization and technology convergence are redefining customer engagement. IoT's potential to transform everyday interactions into meaningful brand experiences is unprecedented. From smart refrigeration systems to automated home maintenance, IoT devices are reshaping how consumers interact with technology, paving the way for an era of hyper-personalized, intuitive experiences.
In conclusion, SEALSQ's initiative in semiconductor personalization and its commitment to IoT integration represent a significant stride towards technological self-reliance and economic advancement for participating countries. This venture not only addresses the current semiconductor shortage but also sets the stage for a future where technology and personalization converge to redefine the global technological landscape.
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.
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.