QuickLogic Business Summary

QuickLogic Corporation (QUIK) is a fabless semiconductor firm specializing in low-power embedded FPGA (eFPGA) intellectual property (IP), ruggedized discrete FPGAs, and endpoint artificial intelligence (AI) solutions. The company generates revenue through a diversified model including IP licensing, non-recurring engineering (NRE) professional services, silicon product sales, and Software-as-a-Service (SaaS) subscriptions via its subsidiary, SensiML. Its operations are categorized into two primary segments: New Products, which encompasses eFPGA IP, AI-enabled SoCs, and the "storefront" business model targeting advanced fabrication nodes; and Mature Products, which includes legacy FPGA families like PASIC3 and QuickRAM. QuickLogic competes directly with Lattice Semiconductor, Achronix Semiconductor, and GSI Technology, positioning itself as a niche leader in radiation-hardened and power-efficient programmable logic for the aerospace, defense, and industrial IoT sectors. QuickLogic was founded in 1988 by semiconductor industry veterans John Birkner, Hua-Thye Chua, and E. Thomas Hart, who were instrumental in the early development of field-programmable gate array technology. The current executive team is led by President and CEO Brian C. Faith, who joined the company in 1996 and has spearheaded its strategic transition from a traditional silicon provider to an IP-centric leader. He is supported by Senior VP and CTO Timothy Saxe, Ph.D., an engineering veteran with over 15 years at the firm, and CFO Elias Nader, who brings extensive financial leadership experience from the semiconductor sector. The company’s Board of Directors is chaired by Michael R. Farese and recently added Ron Shelton, CFO of Syntiant, to oversee its audit committee. Notable institutional investors include Herald Investment Management, Vanguard Group, and the State of Wisconsin Investment Board, which remains one of the company's largest shareholders as of early 2026.