QuickLogic Corporation announced its Board of Directors is actively exploring options for its wholly-owned subsidiary, SensiML, including a possible sale of SensiML or its assets. Preliminary discussions are underway with potential strategic partners.
The company stated it will focus all resources on leveraging and growing its core eFPGA Hard IP and ruggedized FPGA business. This decision is influenced by recent eFPGA Hard IP design wins, expansion of large government contracts, and shifts in the eFPGA market competitive landscape.
QuickLogic CEO Brian Faith noted that while SensiML had clear leverage opportunities, the success and profitability of the core eFPGA and ruggedized FPGA products led to the decision to concentrate resources on these areas and related Storefront opportunities.
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