SEALSQ Forms Joint Venture with Kaynes SemiCon for 300 Million Semiconductor Facility in India
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: stocktwits
- Joint Venture Launch: SEALSQ has signed a memorandum of understanding with Kaynes SemiCon to establish an Outsourced Semiconductor Test and Personalization (OSTP) facility in Gujarat, India, expected to achieve an annual production capacity of up to 300 million post-quantum secure semiconductors, addressing demands across government and defense sectors.
- Positive Market Reaction: Following the MoU signing, SEALSQ's shares surged over 12% to trade above $5, reflecting market optimism regarding the company's prospects in quantum technology and secure chips, particularly in collaboration with the Indian government.
- Retail Investor Enthusiasm: According to Stocktwits data, retail sentiment around LAES shares remained in the 'extremely bullish' territory with message volumes increasing over 58% in the past 24 hours, indicating strong investor confidence in the company's growth potential.
- Broad Industry Outlook: The new facility will support secure chip design, testing, and personalization, expected to drive demand for quantum-resistant technologies in India, further solidifying SEALSQ's strategic position in the global semiconductor market.
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Analyst Views on LAES
Wall Street analysts forecast LAES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LAES is 7.00 USD with a low forecast of 7.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.760
Low
7.00
Averages
7.00
High
7.00
Current: 4.760
Low
7.00
Averages
7.00
High
7.00
About LAES
Sealsq Corp is a Switzerland based holding company operating primarily in the semiconductor industry. The Company focuses on developing and selling tamper resistant semiconductors, chips, processors and Post-Quantum technology products. The Company also develops certified secure microcontrollers and implement post-quantum cryptography also secure hardware, firmware, and provides other services for customers across multiple industries. The Company’s products are applicable in consumer electronics, aerospace & military, telecommunications, energy and building, logistics, and medical sectors. The Company offers its solutions across the globe: USA, Canada, Europe, Middle East, Asia and Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SEALSQ Launches Ambitious Quantum Highway Initiative
- Quantum Highway Initiative: SEALSQ Corp has launched its Quantum Highway initiative, aiming to create a globally scalable secure collaboration platform by embedding cryptographic identity and post-quantum security at the hardware level, marking a strategic shift in the company's focus on quantum technologies.
- Pilot Project Launch: The initiative's pilot project connects three strategic European sites, showcasing SEALSQ's commitment to security in quantum technology while expanding partnerships with countries like India and the United States, thereby enhancing its global ecosystem.
- Stock Performance Analysis: SEALSQ shares are currently priced at $4.58, trading 3.6% above the 20-day simple moving average but 3.4% below the 100-day average, indicating strong short-term performance but struggling with long-term momentum in the market.
- Analyst Ratings and Outlook: The stock carries a 'Buy' rating with an average price target of $6.50, and Cantor Fitzgerald recently upgraded it to 'Overweight' with a target of $7.00, reflecting optimistic market expectations for its future growth.
Continue Reading
SEALSQ Forms Joint Venture with Kaynes SemiCon for 300 Million Semiconductor Facility in India
- Joint Venture Launch: SEALSQ has signed a memorandum of understanding with Kaynes SemiCon to establish an Outsourced Semiconductor Test and Personalization (OSTP) facility in Gujarat, India, expected to achieve an annual production capacity of up to 300 million post-quantum secure semiconductors, addressing demands across government and defense sectors.
- Positive Market Reaction: Following the MoU signing, SEALSQ's shares surged over 12% to trade above $5, reflecting market optimism regarding the company's prospects in quantum technology and secure chips, particularly in collaboration with the Indian government.
- Retail Investor Enthusiasm: According to Stocktwits data, retail sentiment around LAES shares remained in the 'extremely bullish' territory with message volumes increasing over 58% in the past 24 hours, indicating strong investor confidence in the company's growth potential.
- Broad Industry Outlook: The new facility will support secure chip design, testing, and personalization, expected to drive demand for quantum-resistant technologies in India, further solidifying SEALSQ's strategic position in the global semiconductor market.
Continue Reading