Tuesday, 02 January 2024 12:17 GMT

SEALSQ Stock Just Shot Up 10% Today: What's Driving The Rally?


(MENAFN- AsiaNet News)

SEALSQ Corp (LAES) on Friday unveiled an integrated strategy for IC'Alps, the French application-specific integrated circuit (ASIC) design company it recently acquired. 

The move consolidates SEALSQ's position as a provider of secure hardware in all three formats, Catalog ICs, Custom ICs, and Security IP, addressing rising global demand for chip solutions.

The integrated team has mapped out a three-stage plan spanning product commercialization, custom ASIC development, and advanced secure system solutions.

Following the announcement, SEALSQ stock traded over 10% in Friday's premarket and was among the top five trending equity tickers on Stocktwits. 

Get updates to this developing story directly on Stocktwits.

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