Latest news with #Application-SpecificIntegratedCircuit
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Business Standard
3 days ago
- Business
- Business Standard
Ericsson expands footprint with R&D unit in Bengaluru, to add 150 positions
Swedish telecom gear maker Ericsson on Thursday said it has set up a dedicated Application-Specific Integrated Circuit (ASIC) development unit in Bengaluru, expanding its R&D presence in the country, and plans to add more than 150 positions. Ericsson India MD Nitin Bansal said expanding ASIC R&D in India will allow the firm to leverage the local technology competence in the country and enhance its capabilities in semiconductor design. "This unit will also contribute towards strengthening the semiconductor ecosystem in the country. Ericsson expects to initially grow its R&D team in India by more than 150 positions," he said. This expansion aligns with Ericsson's strategy to advance its portfolio, particularly through its Ericsson Silicon platform, which is central to creating high-performing, energy-efficient products for mobile networks, the company said in a statement. Ericsson Silicon's range of System on a Chip (SoC) is designed for mobile networks and integrated across the entire Ericsson Radio System, enabling service providers to fully leverage 5G and address both current and future needs. With R&D centres in Chennai, Bengaluru, and Gurugram, Ericsson's India operations span across telecom domains, including Transport, Packet Core, OSS, BSS, Cloud, and advanced AI technologies.
Coin Geek
12-06-2025
- Business
- Coin Geek
A look into BTC hash rate's surge and its implications
Getting your Trinity Audio player ready... BTC's hash rate—the total computational power securing the network—reached an all-time high in early June despite rising mining difficulty. This milestone underscores the resilience and growing participation in block reward mining, even as the industry faces regulatory scrutiny, energy concerns, and market volatility. The surge in hash rate reflects technological advancements and the strategic maneuvers of miners adapting to a competitive and dynamic environment. This article explores the factors driving this record-breaking hash rate, its implications for the BTC network, and what it means for the future of block reward mining. The hash rate, measured in exahashes per second (EH/s), represents the combined processing power of miners worldwide competing to find a computationally high number to validate transactions and earn BTC rewards. According to data from the BTC hash rate peaked at approximately 700 EH/s in early June 2025, surpassing previous records set earlier in the year. This surge comes despite a mining difficulty adjustment that reached its all-time high, making it harder for miners to find new blocks. Mining difficulty, which adjusts roughly every two weeks to maintain a consistent block time of about 10 minutes, has been climbing steadily due to increased network participation. Several factors have contributed to this unprecedented hash rate. First, advancements in mining hardware have played a pivotal role. Companies like Bitmain and MicroBT have released next-generation ASIC (Application-Specific Integrated Circuit) miners with improved efficiency, allowing miners to process more hashes per unit of energy. These machines, such as Bitmain's Antminer S21 Pro, boast efficiencies below 15 joules per terahash (J/TH), a significant improvement over older models. As a result, miners can maintain profitability even as electricity costs and network difficulty rise. Second, the geographic redistribution of mining operations has bolstered the hash rate. After China's 2021 crackdown on crypto mining, which once accounted for over 60% of BTC's hash rate, miners relocated to regions with favorable regulations and abundant energy, such as the United States, Kazakhstan, and Canada. The U.S. alone now hosts nearly 40% of the global hash rate, driven by access to cheap energy in states like Texas and Wyoming. Additionally, countries like Pakistan have emerged as new players, with plans to allocate 2,000 megawatts (MW) of electricity to Bitcoin mining and artificial intelligence (AI) data centers, as announced at the BTC Vegas 2025 conference. These shifts have diversified the mining landscape, making the network more resilient to regional disruptions. Third, the rising BTC price, hovering around $100,000 in June 2025, has incentivized miners to ramp up operations. Higher prices increase the value of block rewards (currently 3.125 BTC per block, following the April 2024 halving), offsetting energy and hardware costs. Posts on X highlight that miners are reinvesting profits into expanding their fleets, further driving the hash rate upward. This trend is evident in companies like BitFuFu (NASDAQ: FUFU), which reported a 91% increase in mining output, reflecting the sector's operational growth. The record hash rate has significant implications for the BTC network. A higher hash rate enhances security by making it more difficult for malicious actors to execute a 51% attack, where an entity controls the majority of the network's computational power. With 700 EH/s, the cost of such an attack is prohibitively high, requiring billions of dollars in hardware and energy. This bolsters confidence in BTC as a decentralized and tamper-resistant system, particularly as institutional adoption grows. However, the hash rate surge also raises challenges. The increased computational power has driven up energy consumption, reigniting debates about BTC's environmental impact. Critics argue that mining's reliance on fossil fuels contributes to carbon emissions, though defenders point to the growing use of renewables. For instance, a 2024 report by the Bitcoin Mining Council estimated that 59% of global mining uses sustainable energy sources, such as hydroelectric and solar power. Miners in regions like Quebec and Iceland are increasingly tapping into green energy to mitigate criticism and reduce costs. Another challenge is the profitability squeeze for smaller miners. As difficulty rises, those with older hardware or higher electricity costs struggle to compete. This has led to consolidation in the industry, with large-scale operations like Marathon Digital (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT) dominating the market. Smaller bitcoin miners are exploring alternatives, such as joining bitcoin mining pools or adopting cloud mining solutions like BAY Miner's new mobile app, which allows users to mine BTC without owning hardware. Looking ahead, the record hash rate signals a robust and competitive mining ecosystem, but its sustainability depends on several factors. Continued innovation in hardware efficiency, access to affordable and renewable energy, and supportive regulatory frameworks will be critical. Additionally, the upcoming Bitcoin halving in 2028, which will further reduce block rewards, will test miners' adaptability. For now, the hash rate milestone underscores Bitcoin's enduring appeal and the relentless drive of miners to secure the network. In conclusion, BTC's record-breaking hash rate in June 2025 reflects a confluence of technological, economic, and geographic factors. While it strengthens the network's security and highlights the industry's growth, it also brings challenges related to energy use and market dynamics. As the block reward mining landscape evolves, the balance between profitability, sustainability, and decentralization will shape its future trajectory. Watch: Bitcoin mining in 2025: Is it still worth it? title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen> Bitcoin Block Reward Mining BTC Hash Rate
CNBC
31-05-2025
- Business
- CNBC
These stocks are overbought after a strong May for Wall Street and could be due for a pullback
A few stocks, including a handful of semiconductor giants, could take a hit after riding the market's rebound in May. The market closed out a big winning month with the S & P 500 climbed more than 6%, its largest monthly advance since late 2023 and leaving the benchmark little changed on the year. The Nasdaq Composite surged 9.6% this month, while the 30-stock Dow rose nearly 4%. Much of the gain was powered by a softening in the trade war after the U.S. and China agreed to temporarily step back from the brink and a trade deal between the U.S. and UK sparked hopes more deals could be in the offing. Heading into June, sentiment remains uneasy as investors are buffetted by daily tariff-related headlines and await news of any progress in trade relations between the U.S. and China, the world's two largest economies. CNBC looked for the most overbought and oversold stocks on Wall Street by weighing their 14-day relative strength index, or RSI, a momentum indicator, using data from LSEG. An RSI above 70 suggests a stock could be overbought and could be due for a near-term decline, while an RSI below 30 suggests a stock could be oversold and see a short-term rebound. Johnson Controls was the most overbought name this week, with an RSI of 86.9. The company, which manufactures and installs commercial HVAC systems, soared 20.8% this month and is higher by more than 28% year to date. Johnson Controls in early May reported fiscal second-quarter earnings and revenue above analysts' estimates, according to FactSet. Deutsche Bank upgraded the stock to buy in a May 11 note to clients, citing "significant operational improvement opportunities" at Johnson Controls since a new chief executive officer took over in March. Semiconductor company Broadcom , which popped 26% in May, also turned up as overbought with an RSI of 79.3. The rally in Broadcom comes ahead of the company's second-quarter earnings expected on June 11. Analysts polled by LSEG have a consensus price target about 1% below where it's trading, suggesting its valuation is running too high. Broadcom — known for its custom Application-Specific Integrated Circuit chips — is among several technology names that have rebounded in the recent market comeback. Other stocks that look overbought include GE Aerospace and Intuit , both of which also made the overbought segment last week . Shares of GE Aerospace and Intuit jumped 22% and 20% in May, respectively. UnitedHealth continues its recent run of appearing deeply oversold with a current RSI of about 20. The stock tumbled another 26.6% this month after sliding 21.4% in April. Cooper Companies and Copart were also oversold, with RSI's of 24.5 and 20.9, respectively. Shares of Cooper Companies, a medical devices and contact lens maker, were down 16.4% this month, bringing this year's loss close to 26%. Shares retreated after Cooper lowered its full-year organic growth forecast, even as second-quarter revenue and profit beat expectations.
Business Upturn
27-05-2025
- Business
- Business Upturn
SEALSQ CORP Announces Signature of Share Purchase Agreement to Acquire 100% of IC'ALPS
Geneva, Switzerland, May 27, 2025 (GLOBE NEWSWIRE) — SEALSQ Corp (NASDAQ: LAES) ('SEALSQ'), a leading developer and provider of Semiconductors, PKI, and Post-Quantum technology hardware and software solutions, today announced the signing of a Share Purchase Agreement ('SPA') with the shareholders of IC'ALPS SAS (the 'Sellers')1, an Application-Specific Integrated Circuit ('ASIC') design and supply specialist based in Grenoble, France ('IC'ALPS'), for the acquisition of 100% of the share capital and voting rights of IC'ALPS ('the Acquisition'). The SPA is the result of a period of exclusive negotiations between SEALSQ CORP and the Sellers, announced on February 27, 2025. The main terms and conditions of the SPA announced by SEALSQ on May 22, 2025 remain applicable. This proposed strategic Acquisition (now solely subject to the satisfaction of certain closing conditions) is expected to reinforce SEALSQ's commitment to advancing its ASIC development to meet the growing demand in the sector and would add approximately 100 highly skilled staff based out of IC'ALPS' current centers in Grenoble and Toulouse. The Acquisition is expected to be completed in the third quarter of 2025, subject to satisfying the conditions to closing, including the necessary regulatory approval by the French Ministry of the Economy. About IC'ALPS: IC'ALPS is your one-stop-shop ASIC partner. Based in France (HQ in Grenoble, two design centers in Grenoble and Toulouse), the company provides customers with a complete offering for Application Specific Integrated Circuits (ASIC) and Systems on Chip (SoC) development from circuit specification, mastering design in-house, up to the management of the entire production supply chain. Its 100+ engineers' areas of expertise include analog, digital and mixed-signal circuits (sensor/MEMS interfaces, ultra-low power consumption, power management, high-resolution converters, high voltage, signal processing, ARM and RISC-V based multiprocessors architectures, hardware accelerators) on technologies from 0.18 µm down to 1.8 nm, and from multiple foundries (TSMC, Global Foundries, Tower Semiconductor, X-FAB, STMicroelectronics, Intel Foundry, etc.). The company is active worldwide in medical, industrial, automotive, IoT, IA, mil-aero, and digital identity & security sectors. IC'ALPS is ISO 9001:2015, ISO 13485:2016, EN 9100:2018, Common Criteria certified, IATF16949-ready, member of TSMC Design Center Alliance (DCA), Intel Foundry Accelerator Design Services Alliance and Value Chain Alliance (DSA & VCA), ams Osram Preferred Partner and X-FAB's partner network. More information: and About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit Forward-Looking Statements This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the actual adjustments that arise upon conversion of the financial information of IC'ALPS to US GAAP in relation to net sales, operating expenses and income tax income in the income statement for twelve months ended December 31, 2024 and 2023, and in relation to intangible assets, current liabilities, and pension and debt liabilities in the balance sheet as at December 31, 2024 and 2023, in comparison with the French GAAP ; the entering into of definitive documents, the authorization by French regulatory authorities and the successful closing of the Acquisition; and SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. Press and Investor Contacts SEALSQ MoreiraChairman & CEOTel: +41 22 594 3000 [email protected] SEALSQ Investor Relations (US)The Equity Group CatiTel: +1 212 836-9611 [email protected] 1 The Sellers are Doliam SA, Mrs. Lucille Engels and Mr. Jean-Luc Triouleyre. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
27-05-2025
- Business
- Yahoo
SEALSQ CORP Announces Signature of Share Purchase Agreement to Acquire 100% of IC'ALPS
Geneva, Switzerland, May 27, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ('SEALSQ'), a leading developer and provider of Semiconductors, PKI, and Post-Quantum technology hardware and software solutions, today announced the signing of a Share Purchase Agreement ('SPA') with the shareholders of IC'ALPS SAS (the 'Sellers')1, an Application-Specific Integrated Circuit ('ASIC') design and supply specialist based in Grenoble, France ('IC'ALPS'), for the acquisition of 100% of the share capital and voting rights of IC'ALPS ('the Acquisition'). The SPA is the result of a period of exclusive negotiations between SEALSQ CORP and the Sellers, announced on February 27, 2025. The main terms and conditions of the SPA announced by SEALSQ on May 22, 2025 remain applicable. This proposed strategic Acquisition (now solely subject to the satisfaction of certain closing conditions) is expected to reinforce SEALSQ's commitment to advancing its ASIC development to meet the growing demand in the sector and would add approximately 100 highly skilled staff based out of IC'ALPS' current centers in Grenoble and Toulouse. The Acquisition is expected to be completed in the third quarter of 2025, subject to satisfying the conditions to closing, including the necessary regulatory approval by the French Ministry of the Economy. About IC'ALPS: IC'ALPS is your one-stop-shop ASIC partner. Based in France (HQ in Grenoble, two design centers in Grenoble and Toulouse), the company provides customers with a complete offering for Application Specific Integrated Circuits (ASIC) and Systems on Chip (SoC) development from circuit specification, mastering design in-house, up to the management of the entire production supply chain. Its 100+ engineers' areas of expertise include analog, digital and mixed-signal circuits (sensor/MEMS interfaces, ultra-low power consumption, power management, high-resolution converters, high voltage, signal processing, ARM and RISC-V based multiprocessors architectures, hardware accelerators) on technologies from 0.18 µm down to 1.8 nm, and from multiple foundries (TSMC, Global Foundries, Tower Semiconductor, X-FAB, STMicroelectronics, Intel Foundry, etc.). The company is active worldwide in medical, industrial, automotive, IoT, IA, mil-aero, and digital identity & security sectors. IC'ALPS is ISO 9001:2015, ISO 13485:2016, EN 9100:2018, Common Criteria certified, IATF16949-ready, member of TSMC Design Center Alliance (DCA), Intel Foundry Accelerator Design Services Alliance and Value Chain Alliance (DSA & VCA), ams Osram Preferred Partner and X-FAB's partner information: and About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit Forward-Looking Statements This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the actual adjustments that arise upon conversion of the financial information of IC'ALPS to US GAAP in relation to net sales, operating expenses and income tax income in the income statement for twelve months ended December 31, 2024 and 2023, and in relation to intangible assets, current liabilities, and pension and debt liabilities in the balance sheet as at December 31, 2024 and 2023, in comparison with the French GAAP ; the entering into of definitive documents, the authorization by French regulatory authorities and the successful closing of the Acquisition; and SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. Press and Investor Contacts SEALSQ MoreiraChairman & CEOTel: +41 22 594 3000info@ SEALSQ Investor Relations (US)The Equity Group CatiTel: +1 212 836-9611 lcati@ The Sellers are Doliam SA, Mrs. Lucille Engels and Mr. Jean-Luc in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
