QuickLogic Expands FPGA Contract Scope and Value
QuickLogic Corporation (NASDAQ: QUIK), a leading developer in the semiconductor industry, recently announced a significant expansion in the scope and value of its strategic radiation hardened FPGA contract. This noteworthy increase brings the total contract ceiling to approximately $88 million, extending over multiple years. This substantial investment underscores QuickLogic's commitment to advancing technology that supports the critical needs of the Department of Defense (DoD).
New Developments in FPGA Technology
In this latest development, QuickLogic has successfully completed the design and tape-out of a test chip, set to be fabricated by GlobalFoundries using their state-of-the-art 12LP process. This initiative is part of a larger effort to enhance high reliability Field Programmable Gate Array (FPGA) technology that can meet the stringent requirements of both current and future DoD strategic and space systems. The project is sponsored by the Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)), and the Naval Surface Warfare Center (NSWC) Crane serves as the Government's technical lead.
Commitment to High Reliability and Innovation
Brian Faith, President and CEO of QuickLogic, expressed the company's honor in leading this vital mission-critical program. He stated, "We are proud to announce that we have completed the design and tape-out for an FPGA test chip that will be fabricated by GlobalFoundries on its 12LP process." This progression indicates QuickLogic's dedication to delivering top-notch, sophisticated solutions that align with the rapidly evolving demands of defense technology.
The Future of Defense Technology
As the landscape of defense technology continues to advance, the significance of reliable and innovative solutions becomes increasingly important. QuickLogic’s strategic decisions reflect an understanding of these needs, positioning the company as a key player in redefining the standards of technology used in critical applications.
About QuickLogic Corporation
QuickLogic Corporation stands out as a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions. With its distinctive approach that incorporates groundbreaking technology alongside open-source tools, QuickLogic offers highly customizable and low-power solutions tailored for industries including aerospace, defense, industrial, consumer, and computing markets.
Frequently Asked Questions
What is the total ceiling value of QuickLogic's new contract?
The total ceiling value of QuickLogic's new contract has been increased to approximately $88 million.
What is the significance of GlobalFoundries' 12LP process?
GlobalFoundries' 12LP process is crucial as it enables the enhanced fabrication of high reliability FPGA technology that meets military standards.
Who sponsors the QuickLogic FPGA project?
The project is sponsored by the Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)).
What are the primary products offered by QuickLogic?
QuickLogic specializes in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions for various industries.
Who is the technical lead for this program?
The Naval Surface Warfare Center (NSWC) Crane acts as the Government's technical lead for QuickLogic's project.
