QuickLogic announced a new contract with Chipus for a 12‑nm data‑center ASIC that incorporates the company’s embedded FPGA (eFPGA) Hard IP, a move that expands QuickLogic’s footprint in the high‑performance data‑center market.
The agreement leverages QuickLogic’s Australis IP Generator, which can produce customer‑specific eFPGA variants in weeks, reducing design risk and shortening time‑to‑market for Chipus’s customers.
This contract is a strategic milestone for QuickLogic, positioning the company to capture additional revenue from data‑center customers that demand low power, high density, and rapid development cycles.
QuickLogic’s Q3 2025 financial results show a sharp revenue decline to $2.0 million, a 51.8 % drop from Q3 2024, and a GAAP net loss of $4.0 million, with a negative gross margin of –23.3 %. The negative margin contrasts with a 59.1 % margin in Q3 2024, indicating pressure from higher costs or lower pricing and a shift in product mix.
Despite these headwinds, management remains optimistic. CEO Brian Faith noted that the company has logged significant progress in the last three months and expects a rebound in revenue and profitability starting in Q2 2025, driven by new eFPGA contracts such as the Chipus deal.
VP of IP Sales Andy Jaros highlighted that eFPGA IP is becoming more critical for system companies, underscoring the strategic importance of the Chipus contract.
No specific market reaction to the contract announcement has been reported, but the deal adds a new revenue stream that could help offset current losses.
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