WISeKey’s Semiconductor Subsidiary,
SEALSQ, Completes the Development of a Test-Chip for a New RISC-V
Post-Quantum Secure Hardware Platform
WISeKey expects the chip to be ready for
commercial use in late 2024, targeting various segments of the
secure chips market.
Geneva, Switzerland – December 13, 2023: WISeKey International
Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in
cybersecurity, digital identity, and Internet of Things (IoT)
solutions operating as a holding company, today announced that its
Semiconductor subsidiary SEALSQ Corp (“SEALSQ”) (NASDAQ: LAES)
completed the development of a RISC-V post quantum test-chip, an
important milestone in the development of a new generation of
RISC-V Quantum Resistant Secure Platform.
This new generation chip based on the RISC-V open-source core
technology, is meant to align not only with today’s highest
security standards like Common Criteria EAL5+ and NIST-FIPS, but
also to be capable to run quantum resistant cryptographic
algorithms to support next generation hybrid schemes. These include
robust techniques like lattice-based and code-based cryptography,
which are designed to withstand quantum computing threats.
The first commercial version of the new SEALSQ platform
(sampling will start in late 2024) will align with key security
benchmarks, including the widely-recognized TPM 2.0 standard set by
the Trusted Computing Group (TCG). SEALSQ plans indeed to use this
platform to serve various segments of the secure chips market
including TPMs, and Secure Microcontrollers dedicated to IoT,
Automotive, Healthcare and Smart Energy applications.
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. According to
research by Semico, this market is expected to grow at a CAGR of
70% through 2027, incorporating RISC-V elements.
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.
About SEALSQSEALSQ Corp (NASDAQ: LAES) is a
wholly owned subsidiary of the WISeKey Group that focuses on
developing and selling Semiconductors, PKI and Post-Quantum
technology hardware and software products. Our Post-Quantum
solutions include Post-Quantum microchips and devices that can be
used in a variety of applications, from Multi-Factor Authentication
devices, Home Automation, 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,
visit www.sealsq.com
About WISeKeyWISeKey International Holding Ltd
(“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in
cybersecurity, digital identity, and IoT solutions platform. It
operates as a Swiss-based holding company through several
operational subsidiaries, each dedicated to specific aspects of its
technology portfolio. The subsidiaries include (i) SEALSQ Corp
(Nasdaq: LAES), which focuses on semiconductors, PKI, and
post-quantum technology products, (ii) WISeKey SA which specializes
in RoT and PKI solutions for secure authentication and
identification in IoT, Blockchain, and AI, (iii) WISeSat AG which
focuses on space technology for secure satellite communication,
specifically for IoT applications, and (iv) WISe.ART Corp which
focuses on trusted blockchain NFTs and operates the WISe.ART
marketplace for secure NFT transactions.Each subsidiary contributes
to WISeKey’s mission of securing the internet while focusing on
their respective areas of research and expertise. Their
technologies seamlessly integrate into the comprehensive WISeKey
platform. WISeKey secures digital identity ecosystems for
individuals and objects using Blockchain, AI, and IoT technologies.
With over 1.6 billion microchips deployed across various IoT
sectors, WISeKey plays a vital role in securing the Internet of
Everything. The company’s semiconductors generate valuable Big Data
that, when analyzed with AI, enable predictive equipment failure
prevention. Trusted by the OISTE/WISeKey cryptographic Root of
Trust, WISeKey provides secure authentication and identification
for IoT, Blockchain, and AI applications. The WISeKey Root of Trust
ensures the integrity of online transactions between objects and
people. For more information on WISeKey’s strategic direction and
its subsidiary companies, please visit
www.wisekey.com.Press and investor
contacts:WISeKey International Holding LtdCarlos
MoreiraChairman & CEOTel: +41 22 594 3000 /
info@wisekey.com
WISeKey Investor Relations (US)The Equity Group Inc.Lena
CatiTel: +1 212 836-9611 / lcati@equityny.comKatie MurphyTel: +1
212 836-9612 / kmurphy@equityny.comDisclaimer:This
communication expressly or implicitly contains certain
forward-looking statements concerning WISeKey International Holding
Ltd and its business. Such statements involve certain known and
unknown risks, uncertainties and other factors, which could cause
the actual results, financial condition, performance or
achievements of WISeKey International Holding Ltd to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. WISeKey
International Holding Ltd 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.This press release does not constitute an offer
to sell, or a solicitation of an offer to buy, any securities, and
it does not constitute an offering prospectus within the meaning of
the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor
legislation or advertising within the meaning of the FinSA.
Investors must rely on their own evaluation of WISeKey and its
securities, including the merits and risks involved. Nothing
contained herein is, or shall be relied on as, a promise or
representation as to the future performance of WISeKey.
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