WISeKey Semiconductors S.A.S Rebranded as SEALSQ France S.A.S to Expand Post-Quantum Semiconductor Development in Meyreuil, Aix-en-Provence

Meyreuil, France, May 01, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a leader in semiconductor, PKI, and Post-Quantum technology development, is pleased to announce the rebranding of its semiconductor manufacturing business from WISeKey Semiconductors S.A.S to SEALSQ France S.A.S (“SEALSQ France”). This strategic change is aimed at accelerating the development of state-of-the-art post-quantum semiconductor technologies in Meyreuil, located in the Aix-en-Provence, a prominent hub for semiconductor innovation in the South of France.

SEALSQ France stands at the forefront of the post-quantum era with its cutting-edge development center in Aix-en-Provence. The facility is dedicated to advancing a wide array of technologies including secure elements, roots of trust, cryptographic keys, and hardware security modules. This reinforces SEALSQ's commitment to driving technological progress and strengthening France's position in the global semiconductor market, safeguarding against potential geopolitical threats.

The engineering team in Meyreuil has successfully completed the design phase of the QUASARS post-quantum project. They are now commencing the production of the first engineering samples of post-quantum semiconductors, anticipated to be delivered by year end.

The QS7001 RISC V quantum-resistant platform will form the foundation for SEALSQ’s upcoming products, the Post Quantum Secure Microcontroller and TPM known as VaultIQ. The hardware of these chips will meet the stringent Common Criteria EAL5+ certification, while the firmware will incorporate CRYSTAL's post-quantum algorithms "Kyber" and "Dilithium," achieving NIST FIPS 140-3 certification.

In a strategic move to capitalize on the new chip's robust hardware capabilities, SEALSQ has initiated discussions with major electronics manufacturers to develop custom quantum-resistant chips that meet specific customer requirements. This step marks a significant advance in SEALSQ's commercial and industrial strategy, opening avenues for new business opportunities and revenue streams.

SEALSQ France, which currently employs in excess of 60 people, is planning to expand its workforce significantly in response to the expected demand for post-quantum semiconductors. This expansion will contribute to the local economy and further establish SEALSQ France as a key player in the global semiconductor industry.

Additionally, SEALSQ France is actively seeking funding under the European Chips Act (ECA), aligning with the European Union’s ambition to boost semiconductor production and market share within the region. This initiative underpins Europe's goal to reduce dependence on external supply chains and establish itself as a leader in the semiconductor industry by 2030.