QuickLogic Awarded $6.9 Mln Base Contract To Develop Technologies For DoD Requirements

RTTNews | 783 gün önce
QuickLogic Awarded $6.9 Mln Base Contract To Develop Technologies For DoD Requirements

(RTTNews) - Fabless semiconductor company QuickLogic Corp. (QUIK) announced Thursday it has been awarded a $6.9 million Base Contract, beginning this month, to develop and demonstrate Strategic Radiation Hardened (SRH), high reliability Field Programmable Gate Array (FPGA) technology to support identified and future Department of Defense (DoD) strategic and space system requirements.

The SRH FPGA Other Transactions Authority (OTA) agreement is with the Army Contracting Command - Rock Island (ACC-RI) under the authority of the Cornerstone OTA and will be based on a microelectronic fabrication process implemented at a US-owned and continental US (CONUS)-based manufacturing facility.

The project is sponsored by DoD's Trusted and Assured Microelectronics (T&AM) Program, and Naval Surface Warfare Center (NSWC) Crane is the Government's technical lead.

QuickLogic will lead the execution on the Base Contract through collaboration with a team composed primarily of SkyWater Technologies, Everspin Technologies, and Trusted Semiconductor Solutions. It will primarily perform work on the program at its facilities in San Jose, California.

The contract allows for Options totaling up to $72 million over the span of multiple years.

Etiketler: QUIK
read more
U.S. Pending Home Sales Spike Much More Than Expected In September

U.S. Pending Home Sales Spike Much More Than Expected In September

Pending home sales in the U.S. spiked by much more than expected in the month of September, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index soared by 7.4 percent to 75.8 in September after climbing by 0.6 percent to 70.6 in August. Economists had expected pending home sales to jump by 1.1 percent.
RTTNews | 4s 48 dakika önce
GSK Q3 Results Down, Sees FY24 Outlook At Mid Range; Stock Drops

GSK Q3 Results Down, Sees FY24 Outlook At Mid Range; Stock Drops

Shares of GSK plc were losing more than 4 percent on the London Stock Exchange as well as in the early morning trading on the NYSE after the British drug maker reported Wednesday sharply lower profit in its third quarter on $2.3 billion charge on Zantac settlement, as well as weak revenues. Further, GSK confirmed its fiscal 2024 outlook for earnings, core profit and sales.
RTTNews | 5s 21 dakika önce
U.S. Economic Growth Unexpectedly Slows Modestly In Q3

U.S. Economic Growth Unexpectedly Slows Modestly In Q3

A report released by the Commerce Department on Wednesday showed U.S. economic growth unexpectedly slowed in the third quarter. The Commerce Department said gross domestic product shot up by 2.8 percent in the third quarter after surging by 3.0 percent in the second quarter. Economists had expected another 3.0 percent jump.
RTTNews | 5s 49 dakika önce
Euroarea Logs Faster GDP Growth In Q3 Despite Recession Worries

Euroarea Logs Faster GDP Growth In Q3 Despite Recession Worries

The Eurozone economic growth improved unexpectedly in the third quarter, easing fears of an imminent recession as Germany, France and Spain registered better-than-expected growth. Gross domestic product increased 0.4 percent on a quarterly basis, the preliminary flash estimate from Eurostat showed Wednesday. GDP was expected to log 0.2 percent growth, the same rate as seen in the second quarter.
RTTNews | 5s 50 dakika önce
U.S. Private Sector Employment Surges By 233,000 Jobs In October, Much More Than Expected

U.S. Private Sector Employment Surges By 233,000 Jobs In October, Much More Than Expected

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. shot up by much more than anticipated in the month of October. ADP said private sector employment surged by 233,000 jobs in October after jumping by an upwardly revised 159,000 jobs in September. Economists had expected private sector employment to climb by 115,000 jobs.
RTTNews | 6s 22 dakika önce
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning, reacting to corporate earnings updates and key economic data from the U.S. Energy stocks may move up on firm crude oil prices.
RTTNews | 6s 44 dakika önce