QuickLogic Corporation develops and markets customizable semiconductor solutions. The company is a fabless semiconductor company that designs, markets, and supports primarily customer specific standard products (CSSPs), and, secondarily, field programmable gate arrays (FPGAs), associated design software, and programming hardware. The company provides solutions by first architecting the solution jointly with its customer's or ecosystem partner’s engineering group, selecting the appropriate solution platform and proven system blocks (PSBs), providing custom logic, integrating the logic, programming the device with the PSBs and/or firmware, providing software drivers or application software required for the customer's application, and participating with the customer on-site during integration, verification and testing. In 2013, the company introduced two new silicon platform families, both of which are based on its new Static Random Access Memory reprogrammable logic technology. The primary is PolarPro 3, an ultra-low power FPGA family that it intends to create CSSPs for the mobile market. The second is the ArcticLink 3S1 silicon platform family which is the company’s first family intended to implement sensor hub solutions. The company’s PolarPro 3, PolarPro II and PolarPro solution platforms include a logic cell architecture which enables it to deliver twice the programmable logic in the same die size. Its ArcticLink II and ArcticLink solution platforms combine mixed signal physical layers and hard-wired logic alongside programmable logic. The company’s ArcticLink III solution platform is manufactured on an advanced process node. The company markets CSSPs primarily to mobile device original equipment manufacturers and original design manufacturers. CSSPs are solutions incorporating its ArcticLink II and III VX and BX, ArcticLink, PolarPro 3, PolarPro II, PolarPro, and Eclipse II solution platforms, packaging, PSBs, custom logic, software drivers and its architecture consulting. The company partners with target customers in its focus markets to architect and design CSSPs and to integrate and test its CSSPs in its customers' products. The company’s target mobile markets include tablets, smartphones, wearable, mobile enterprise. Its solutions typically fall into one of three categories: sensor hubs, display and visual enhancement or, smart connectivity. The company’s new products are also being used in applications in its traditional markets, such as data communications, instrumentation and test and military-aerospace, where customers value the low power consumption, instant-on, intellectual property security, reliability and fast time-to-market of its products. Marketing, Sales and Customers The company sells its products through a network of sales managers in North America, Europe and Asia. In addition to its corporate headquarters in Sunnyvale, California, it has international sales operations in China, Japan, Taiwan, South Korea, and the United Kingdom. The company has two distributors in North America and a network of 16 distributors throughout Europe and Asia to support its international business. It has a military, industrial and mobile product customer base that purchases its mature silicon products. The company’s tier one customer, Samsung Electronics Co., Ltd. (Samsung) represented 56% of revenue in 2013. Research and Development In 2013, the company’s research and development expenses included $8.4 million. Manufacturing The company outsources its wafer manufacturing, primarily to eSilicon Corporation, TowerJazz Semiconductor Ltd.; and Taiwan Semiconductor Manufacturing Company Limited. It outsources its product packaging primarily to Amkor Technology, Inc. Intellectual Property The company holds 74 U.S. patents and has 1 pending application for an additional U.S. patent, its patents contain claims covering various aspects of programmable integrated circuits, programmable interconnect structures and programmable metal devices. In Europe and Asia, it has been granted a total of 11 patents. The company’s issued patents expire between 2014 and 2028. The company has six trademarks registered with the U.S. Patent and Trademark Office. History QuickLogic Corporation was founded in 1988.
quicklogic corp (QUIK:NASDAQ GM)
1277 Orleans Drive
Sunnyvale, CA 94089
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