TLDR
- SEALSQ Corp (NASDAQ:LAES) shares rose 3.6% after announcing a partnership with Trusted Semiconductor Solutions to develop quantum-resistant security solutions for U.S. defense markets
- The collaboration will integrate SEALSQ’s QS7001 secure element with TSS’s Category 1A Trusted-accredited capabilities to meet strict U.S. defense standards
- SEALSQ reported 41% revenue growth for the nine months ending September 30, 2025, reaching $9.9 million compared to the same period last year
- The company holds $220 million in cash as of October 7, 2025, positioning it to expand its post-quantum cryptography semiconductor offerings
- The partnership follows a three-phase plan, with TSS handling government agency relationships while SEALSQ provides quantum-resistant silicon technologies
SEALSQ Corp shares moved up 3.6% on Thursday following news of a partnership with Trusted Semiconductor Solutions. The deal focuses on developing quantum-resistant security solutions for U.S. defense and government markets.
The semiconductor company, which specializes in post-quantum cryptography, will work with TSS to create “Made in U.S.” secure technologies. These products aim to meet the highest standards required by U.S. defense and national security agencies.
The partnership brings together SEALSQ’s cryptography know-how with TSS’s Category 1A Trusted-accredited capabilities. This combination is designed to produce high-assurance secure semiconductor technologies.
The collaboration operates on a three-phase timeline. The first stage involves integrating SEALSQ’s QS7001 secure element with TSS’s trusted semiconductor platforms.
Later phases will focus on co-developing U.S.-manufactured post-quantum cryptography embedded chips. These chips will carry multiple certifications needed for defense applications.
The final stage targets advanced secure architectures for next-generation defense systems. Each phase builds on the previous one to create increasingly sophisticated security solutions.
Division of Responsibilities
Under the agreement, TSS takes the lead on interfacing with U.S. government agencies. The company brings established relationships within the defense sector to the partnership.
SEALSQ contributes its quantum-resistant silicon technologies to the collaboration. The company also provides its secure-chip expertise developed through years of cryptography work.
The two companies plan to formalize their alliance at the Quantum + AI Conference in New York City. SEALSQ serves as the Diamond Sponsor for the event.
This partnership fits into SEALSQ’s broader “Quantum Corridor” strategy. The initiative connects the company’s innovation hubs located in the United States and Europe.
Financial Performance
The partnership announcement comes as SEALSQ reported strong financial results for the nine-month period ending September 30, 2025. Revenue reached $9.9 million, representing a 41% increase compared to the same period last year.
The revenue growth stems from two main sources. Demand for traditional products has picked up after a slower period.
The acquisition of IC’ALPS also contributed to the revenue increase. However, the company continues to manage the transition to next-generation technologies, which has created some revenue pressure.
SEALSQ’s cash position stood at $220 million as of October 7, 2025. This financial cushion gives the company resources to invest in expanding its post-quantum cryptography semiconductor offerings.
The company operates in the technology sector with a focus on post-quantum semiconductors and software development. Its current market capitalization sits at $630.3 million.
Average trading volume for SEALSQ shares is 12.6 million. Technical indicators for the stock show a buy signal.
The most recent analyst rating on LAES stock is a Hold with a price target of $4.50. The company’s strategic investments and growth projections continue to develop as the partnership with TSS moves forward.
