02:14 PM EST, 02/26/2025 (MT Newswires) -- 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 ( QUIK ).

QuickLogic ( QUIK ) shares were up more than 12% in recent trading.

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