SEALSQ announced the opening of its Grenoble Node on November 12 2025, marking the first European hub of its Quantum Corridor—a trans‑national network that links quantum computing, AI, cybersecurity, and semiconductor ecosystems across Spain, France, Switzerland, and the United States.
The new node, built after SEALSQ completed its acquisition of IC’Alps in August 2025, will serve as a center of excellence for quantum ASIC design and semiconductor integration. The acquisition brought IC’Alps’ specialized ASIC expertise into SEALSQ’s portfolio, enabling the company to accelerate the development of quantum‑resistant chips (QASICs) that can be customized for secure IoT, medical, aerospace, automotive, and defense applications.
Financially, SEALSQ’s FY 2024 revenue fell to $11 million from $30 million in FY 2023 as the company shifted focus to high‑margin post‑quantum solutions. R&D spending rose 26 % to $2.9 million, and cash reserves topped $220 million as of October 7 2025, giving the firm a strong runway to fund the Quantum Corridor expansion and future product launches.
Strategically, the Grenoble Node strengthens European sovereignty in quantum technology by creating a domestic hub for secure hardware development and by integrating WISeKey’s satellite‑enabled Root of Trust infrastructure. The node also positions SEALSQ to win high‑value contracts in defense, automotive, and smart‑city sectors, while the planned nodes in the UAE, Korea, and Japan signal a global ambition to dominate the post‑quantum security market.
CEO Carlos Moreira said, “The integration of IC’Alps’ ASIC expertise accelerates our roadmap toward quantum‑resistant systems and positions SEALSQ as a leader in secure hardware for the next generation of critical infrastructure.”
Looking ahead, SEALSQ projects a $175 million contract pipeline for 2026‑2028 and expects revenue growth driven by new chip personalization services and expanded quantum‑enhanced computing architectures. The company’s strong cash position and ongoing R&D investments underpin confidence in scaling the Quantum Corridor and capturing market share in the rapidly growing post‑quantum security arena.
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