Latest news with #AmbiqMicro
Time of India
16 hours ago
- Business
- Time of India
Ambiq Micro files for US IPO as generative AI fuels chip demand
Chip designer Ambiq Micro on Thursday reported a 16.1% rise in 2024 net sales in its filing for a U.S. initial public offering, as growing demand for generative AI fuels spending on semiconductor technology. 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% to $76.1 million in 2024. "Even though the company has had strong sales growth in the past years with large customers like Google and Huawei, Ambiq is exposed to high customer concentration risk by relying on a few large players," said IPOX research associate Lukas Muehlbauer. 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. The company 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 processors driving the 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. Ambiq Micro is targeting "AI at the edge" niche with its ultra-low-power chips said to cut power use by 2-5 times, giving it an edge in fast-growing wearables market, said Muehlbauer. Most AI computing uses vast amounts of electricity, driving demand for energy-efficient chips and a shift towards lower-power designs. BofA Securities and UBS are the lead underwriters for the offering.
Reuters
a day ago
- Business
- Reuters
Ambiq Micro files for U.S. IPO as generative AI fuels chip demand
July 3 (Reuters) - Chip designer Ambiq Micro on Thursday reported a 16.1% rise in 2024 net sales in its filing for a U.S. initial public offering, as growing demand for generative AI fuels spending on semiconductor technology. 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% to $76.1 million in 2024. "Even though the company has had strong sales growth in the past years with large customers like Google and Huawei, Ambiq is exposed to high customer concentration risk by relying on a few large players," said IPOX research associate Lukas Muehlbauer. 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. The company 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 processors driving the 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. Ambiq Micro is targeting "AI at the edge" niche with its ultra‑low‑power chips said to cut power use by 2‑5 times, giving it an edge in fast‑growing wearables market, said Muehlbauer. Most AI computing uses vast amounts of electricity, driving demand for energy-efficient chips and a shift towards lower-power designs. BofA Securities and UBS are the lead underwriters for the offering.
Time of India
a day ago
- Business
- Time of India
Ambiq Micro files for US IPO as generative AI fuels chip demand
Academy Empower your mind, elevate your skills Chip designer Ambiq Micro on Thursday reported a 16.1% rise in 2024 net sales in its filing for a U.S. initial public offering, as growing demand for generative AI fuels spending on semiconductor 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 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% to $76.1 million in 2024. "Even though the company has had strong sales growth in the past years with large customers like Google and Huawei, Ambiq is exposed to high customer concentration risk by relying on a few large players," said IPOX research associate Lukas from the IPO will be used for general corporate purposes, including working capital, sales and marketing activities, and product 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 company 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 processors driving the demand for faster and more efficient in 2010, Ambiq Micro provides ultra-low-power semiconductor solutions, targeting the power consumption challenges of general-purpose and AI Micro is targeting "AI at the edge" niche with its ultra-low-power chips said to cut power use by 2-5 times, giving it an edge in fast-growing wearables market, said AI computing uses vast amounts of electricity, driving demand for energy-efficient chips and a shift towards lower-power designs. BofA Securities and UBS are the lead underwriters for the offering.
Bloomberg
a day ago
- Business
- Bloomberg
Energy-Efficient Chipmaker Ambiq Micro Files for US IPO
Ambiq Micro Inc., a maker of ultra-low power semiconductors, has filed for an initial public offering as tech companies try to address the power consumption challenges posed by artificial intelligence computing. The Austin-based company's chips are used in personal devices like fitness trackers, and industrial applications such as crop monitoring, according to a Thursday filing with the US Securities and Exchange Commission. It had a net loss of $8.3 million on revenue of $15.7 million in the three months ended March 31, the filing said.
CNA
a day ago
- Business
- CNA
Ambiq Micro files for US IPO as generative AI fuels chip demand
Chip designer Ambiq Micro on Thursday reported a 16.1 per cent rise in 2024 net sales in its filing for a U.S. initial public offering, as growing demand for generative AI fuels spending on semiconductor technology. 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.
