QuickLogic (QUIK) said Wednesday it won a $1.1 million contract for embedded field-programmable gate array IP targeting the GlobalFoundries' (GFS) 12-nanometer low-power process from an undisclosed company dealing in defense projects.
IP delivery for the contract is scheduled for Q2, according to QuickLogic.
QuickLogic shares were up more than 12% in recent trading.
Price: 7.41, Change: +0.82, Percent Change: +12.44
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