SEALSQ Corp (NASDAQ:LAES) shares are trading lower on Wednesday, reflecting a broader decline in quantum computing stocks.
This follows comments made by NVIDIA CEO Jensen Huang at an investor event on Tuesday, where he suggested that a fully functional quantum computer could still be 15 to 30 years away.
Huang's cautionary statement has led to a more cautious sentiment around the quantum computing sector, which has seen significant investor enthusiasm in recent years, similar to the artificial intelligence boom.
Meanwhile, SEALSQ is making strides in another area: the distribution of its secure chips.
The company has launched its VaultIC secure microcontrollers and related development boards on DigiKey.
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DigiKey's extensive platform reaches over 900,000 active customers worldwide across industries like automotive, healthcare, and consumer electronics.
This move will increase SEALSQ's visibility and accessibility, providing engineers and designers with secure semiconductor solutions for their products.
Additionally, SEALSQ is advancing the development of its post-quantum Trusted Platform Module, slated for release in 2025.
The company's partnership with DigiKey ensures a streamlined route for these quantum-resistant solutions to reach the market, reinforcing SEALSQ's commitment to future-proof security.
Franck Buonnanno, SEALSQ's VP of Sales, emphasized that this partnership marks just the beginning, with plans for further product offerings, including next-generation secure microcontrollers.
Price Action: LAES shares are trading lower by 40% to $4.288 at last check Wednesday.
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