Ambiq Micro files for US IPO as generative AI fuels chip demand
Strong investor demand for AI-focused tech stocks is helping revive the IPO market, as investors warm again to high-growth tech startups they had largely avoided for nearly three years.
The Austin, Texas-based company disclosed a net loss of $39.7 million in 2024, narrowing from a loss of $50.3 million in the previous year. Net sales climbed 16.1 per cent to $76.1 million in 2024.
Proceeds from the IPO will be used for general corporate purposes, including working capital, sales and marketing activities, and product development.
Analysts expect companies tied to the AI boom to drive the next wave of technology listings, fueled by expectations of rapid growth as businesses adopt more generative AI applications.
Ambiq said it will list on the NYSE under the symbol "AMBQ", joining a wave of chip design firms that are central to the AI boom, as their processors help power the growing demand for faster and more efficient computing.
Founded in 2010, Ambiq Micro provides ultra-low-power semiconductor solutions, targeting the power consumption challenges of general-purpose and AI computing.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
6 hours ago
- Business Times
Info-Tech Systems debuts 9.2% above IPO price at S$0.95
[SINGAPORE] The Republic welcomed its second listing in 2025 and first mainboard listing in close to two years as software services provider Info-Tech Systems made its trading debut on Friday (Jul 4). This comes two days after its initial public offering (IPO) closed at noon on Jul 2, with its 24.85 million shares on offer around 7.3 times oversubscribed. At 9 am, it opened at S$0.95, 9.2 per cent above its IPO price of S$0.87, with the stock code ITS. As at 9.03 am, it climbed as high as S$0.98, up by 3.2 per cent or S$0.03, with some 1.8 million shares having changed hands. By 9.30 am, it had eased back down to S$0.95, with around 4.1 million shares transacted. Info-Tech Systems is the second company to list on the Singapore Exchange (SGX) in 2025, following the listing of automaker Vin's Holdings on the Catalist board on Apr 15. It is the first pure-play software-as-a-service provider for human resource management system and accounting software to list on SGX. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Babu Dilip, chief executive officer and co-founder of the company, said that the IPO is a 'key milestone' for the group as it gears up for its next phase of growth, and looks to capitalise on the rising adoption of cloud-based solutions, particularly among small and medium-sized enterprises. It intends to use the IPO proceeds to deepen market penetration, enhance brand visibility, expand its suite of solutions and its operations, he said. This includes potentially expanding its geographical presence to new markets and accelerating access to new technology through inorganic acquisitions and partnerships. For the financial year ended December 2024, the company recorded a 17.6 per cent rise in its net profit to S$12.3 million. Its top line grew by around 15 per cent year on year to S$43.7 million, tracking a rise in revenue of its cloud accounting software. OCBC is the sole issue manager and global coordinator for the placement, as well as the joint bookrunner and underwriter alongside CGS International Securities Singapore. The IPO comprised new shares issued, and an offering of vendor shares by its executive chairman and co-founder Peter Lee and executive director Yeoh Sin Yee.
CNA
6 hours ago
- CNA
An institution that nurtures creative explorers, not just achievers
As Taylor's University continues to strengthen its standing in the QS World University Rankings, its vice-chancellor and president, Professor Barry Winn, is looking well beyond short-term gains. Core to his vision is a comprehensive 10-year plan aimed at transforming the Malaysian private university into a future-ready institution of global standing. A key part of this transformation is a RM1.2 billion (S$364.8 million) investment to further develop the institution, including revitalising its lakeside campus in Subang Jaya. Planned upgrades include new sports facilities, state-of-the-art laboratories and student residences designed to meet the needs of its multicultural community. Beyond infrastructure, the plan outlines strategic pillars to prepare Taylor's students for a fast-paced, tech-driven world. These include a focus on transformative technologies such as artificial intelligence, as well as addressing global challenges like sustainability and an ageing population. Prof Winn highlighted that the university's focus is on nurturing students to become 'creative explorers, not just achievers'. 'These days, you can pull out your phone and find answers instantly,' he said. 'Our job is to help students think critically about challenges and apply knowledge in innovative ways – to create new ideas, not just recycle existing ones.' Ranked the top private non-government-linked university in Southeast Asia, Taylor's is currently placed at No 253 in the QS World University Rankings 2026, positioning it among the top 1 per cent of universities worldwide. CHARTING NEW GROWTH Prof Winn shared that Taylor's growth in the years ahead will be driven by five strategic thrusts: delivering an exceptional student experience, advancing innovative teaching, producing impactful research, strengthening partnerships and pursuing quality-driven growth. One example is its well-established medical school. In response to Malaysia's ageing population, the university plans to introduce more allied health programmes, such as physiotherapy. 'As the population ages, we'll see more cases of strokes and dementia,' said Prof Winn. 'We'll need not just doctors, but also specialists like dietitians and advanced practice nurses to provide holistic care.' Taylor's also operates 11 Impact Labs, where students collaborate with faculty, industry professionals and corporate partners to create solutions to real-world problems – all guided by the United Nations Sustainable Development Goals. Since 2023, these labs have delivered 230 projects with 210 partners, tackling issues in areas such as sustainable tourism, clean energy and community well-being. Among them is Project BacaBaca, a literacy programme for underserved communities led by Ms Hema Letchamanan, senior lecturer at Taylor's School of Education. Since 2021, the initiative has supported over 500 students across Malaysia and was awarded the 2024 Asia-Pacific SDG Initiative of the Year at the Triple E Awards. Another project, – led by Professor Anindita Dasgupta of Taylor's School of Liberal Arts and Sciences – provides women from marginalised communities with entrepreneurship training. To date, 110 women have completed the programme. DRIVING MEANINGFUL IMPACT THROUGH COLLABORATION To meet rising demand for research expertise, Prof Winn said Taylor's is exploring the launch of more postgraduate programmes and is actively recruiting academics from around the world to teach them. The university also aims to strengthen international collaborations to provide students with a truly global perspective. Prof Winn explained: 'How small-and medium-size enterprises operate in Kuala Lumpur is very different from how they function in cities like Manchester or Boston. To truly understand international trade, you often need local partners who can help you grasp the unique business dynamics of each region. Many business owners are especially interested in Southeast Asia, and Taylor's is pleased to support this mutual learning and exchange.' He added: 'We want to harness technology to offer joint courses that bring students from different regions together, enriching the learning experience across borders.' PUTTING STUDENTS FIRST To better equip its students for the workforce, Taylor's is developing immersive avatar-based simulations that allow learners to practise real-world scenarios in a safe environment. 'Clinical psychology students, for instance, could interact with an avatar exhibiting a mental health disorder,' explained Prof Winn. 'Or hospitality students might be placed at a virtual hotel reception. Our goal is to go beyond virtual reality – we want to be better than reality.' The university's growing emphasis on research is also driven by its goal to serve students. 'We want students to be taught by people who wrote the book, not just read it,' said Prof Winn. 'Our research isn't just about publishing more papers – it's about creating a rich learning environment led by engaged, knowledgeable academics.' Prof Winn said his proudest achievement thus far has been to improve staff engagement and giving educators a voice in shaping Taylor's academic culture. This people-first philosophy is reflected in Taylor's strong global rankings. 'If we do the right things, the rankings will follow,' Prof Winn said. 'They provide external validation and inspire confidence among employers, students and parents. Ultimately, we want to be known as a university that puts students first and gives every student the chance to improve their lives.'
CNA
7 hours ago
- CNA
Dollar holds firm against euro, yen as US trade pressure mounts
TOKYO :The dollar held gains on Friday after President Donald Trump got his signature tax cut bill across the final hurdle and pressure mounted on countries to secure trade deals with the United States. The greenback rallied from multi-year lows against the euro and British pound hit earlier in the week after stronger than expected U.S. jobs data pushed out the timing for potential rate cuts by the Federal Reserve. New Zealand's kiwi dollar, a common proxy for risk appetite, rose 0.2 per cent to $0.608 after U.S. stocks climbed to new record levels. The Republican-controlled House of Representatives narrowly passed Trump's "One, Big, Beautiful Bill" of spending and tax cuts that is estimated to add $3.4 trillion to the nation's $36.2 trillion debt. With the U.S. closed for Independence Day, attention turns to Trump's July 9 deadline when sweeping tariffs take effect on countries like Japan that have not yet secured trade agreements. "The dynamic is raising questions about fiscal sustainability and bond market stability," said Kyle Rodda, senior financial markets analyst at referring to the bill's passage. "However, for now, those risks are being looked through as the markets embrace signs of labour market resilience and hopes for further U.S. trade deals." The dollar index, which tracks the greenback against major peers, had its worst first half since 1973 as Trump's chaotic roll-out of sweeping tariffs stoked concerns about the U.S. economy and the safety of Treasuries. Trump said the U.S. will start sending letters to countries on Friday specifying what tariff rates they will face, a shift from earlier pledges to ink individual deals. Against the yen the dollar was traded at 144.69 yen, down 0.2 per cent from late in the U.S. trading day when it surged 0.8 per cent. The euro added 0.1 per cent to $1.1769, while sterling traded at $1.3668, up 0.1 per cent. The Australian dollar fetched $0.6577, up 0.1 per cent in early trade. U.S. Labor Department's closely watch employment report on Thursday showed that nonfarm payrolls increased by 147,000 jobs in June, well ahead of economists' forecast in a Reuters poll for a rise of 110,000. Market expectations that the Fed will leave rates unchanged at its July meeting rose to a 95.3 per cent probability, up from 76.2 per cent previously, according to the CME's Fedwatch tool.
