QuickLogic Shares Jump After Winning Additional Contract to Develop Radiation-Resitant Technologies

Dow Jones

2024-12-24

By Connor Hart

Shares of semiconductor company QuickLogic jumped Monday after the company said it was awarded an almost $6.6 million contract.

The stock gained 23%, to $9.62, in midday trading. Shares are down 31% since the beginning of the year, though they have gained 30% in the last three months.

The San Jose, Calif., company said the funding will support the continued development and demonstration of its strategic radiation hardened technologies, which are defense systems and infrastructure resistant to harsh-radiation environments.

Chief Executive Brian Faith said QuickLogic has now been awarded more than $33 million to develop its strategic radiation hardened technologies, exemplifying the company's commitment to meeting current and future Department of Defense strategic and space-system requirements.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

December 23, 2024 11:51 ET (16:51 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares are down 31% since the beginning of the year, though they have gained 30% in the last three months. \n\n\n  The San Jose, Calif., company said the funding will support the continued development and demonstration of its strategic radiation hardened technologies, which are defense systems and infrastructure resistant to harsh-radiation environments. \n\n\n  Chief Executive Brian Faith said QuickLogic has now been awarded more than $33 million to develop its strategic radiation hardened technologies, exemplifying the company's commitment to meeting current and future Department of Defense strategic and space-system requirements. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 23, 2024 11:51 ET (16:51 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}