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SEALSQ Establishes SEALSQ USA in Arizona; Intends to Create an OSAT Center which should be Operational by the End of 2025
Geneva, Switzerland, March 26, 2024 (GLOBE NEWSWIRE) -- The full details of the project will be presented during the SEALSQ first Analyst and Investor Day on
About this update from Sealsq Corp
[{"type":"text","content":"Geneva, Switzerland, March 26, 2024 (GLOBE NEWSWIRE) -- The full details of the project will be presented during the SEALSQ first Analyst and Investor Day on April 1, 2024 at the Nasdaq Market Site Interested parties must confirm attendance (in person or via webcast) by registering using the following link: https://www.sealsq.com/investors/events-in-person-registration SEALSQ Corp (\"SEALSQ\" or \"Company\") (NASDAQ: LAES), a leader in the fields of Semiconductors, PKI, and Post-Quantum technology, today announced the establishment of SEALSQ USA Ltd (“SEALSQ USA”) in Phoenix, Arizona as part of its plan to create an Open Semiconductors Assembly and Test (“OSAT”) Center in the U.S. by end of 2025. The U.S.-based OSAT center would provide testing services such as the wafer test and final test, in addition to assembly services such as QFN, BGA, WLCSP, and more. SEALSQ's decision to select Arizona as the hub for its USA presence is strategic, largely due to Arizona's prominent position in the global semiconductor industry: Presence of Leading Semiconductor Companies: Arizona has become a hotspot for the semiconductor industry, housing some of the world's leading companies in this sector. This creates a vibrant ecosystem conducive to growth, collaboration, and innovation. For a company like SEALSQ, being in close proximity to these industry leaders can offer significant advantages in terms of partnerships, industry insights, and competitive dynamics.Specialized High-Tech Supply Chain: Arizona's semiconductor industry is supported by a highly specialized, high-tech supply chain. This means that companies operating in Arizona have access to advanced materials, components, and services tailored specifically to the needs of the semiconductor industry. This specialized supply chain can significantly reduce logistical challenges, improve efficiency, and lower costs for companies like SEALSQ.Innovative Environment: Arizona's semiconductor sector is known for its innovative ideas and practices, spanning from research and development to manufacturing processes. Being part of such an innovative environment can foster creativity and encourage SEALSQ to push the boundaries of its own technological advancements and product offerings.Skilled Workforce: The presence of leading semiconductor companies and a high-tech ecosystem naturally attracts a s...