QuickLogic (QUIK) Canaccord Genuity's 46th Annual Growth Conference summary

Industry trends and market focus

• Programmable logic is experiencing a renaissance, with high growth in aerospace and defense sectors.

• Aerospace and defense are investing more in programmable logic than any other microelectronic category.

• Unique purpose-built FPGA for strategic rad-hard applications is being developed, targeting a new application space.

• Trusted, onshore supply chains are increasingly prioritized due to security concerns and regulatory requirements.

• Demand for U.S.-made and supported chips is rising, especially for critical infrastructure and defense.

Product offerings and technology

• Two main products: discrete FPGAs and embedded FPGA IP, both serving ASIC and FPGA markets.

• Technology enables faster time to market and lower development costs compared to custom silicon.

• Programmable logic allows for system updates over decades, reducing costs and risks compared to fixed silicon.

• Post-quantum cryptography support is being integrated, allowing future-proofing against evolving security standards.

• Australis 2.0 automation has significantly increased engineering capacity and operational leverage.

Strategic contracts and growth opportunities

• Awarded a Department of Defense contract in August 2022 to develop strategic rad-hard FPGAs.

• Self-funded development kits are being evaluated by the defense industrial base, with feedback expected by year-end.

• Anticipates design wins and transition to low-rate and full-rate production in the coming years, with significant revenue potential.

• Opportunities exist to expand from strategic rad-hard into rad-tolerant space applications and satellite constellations.

• Longstanding relationships with top U.S. defense contractors, recognized for reliable support and IP delivery.