12:33 PM EDT, 08/21/2025 (MT Newswires) -- SEALSQ ( LAES ) said Thursday it signed a non-binding letter of intent with Ajyal Holding to form a joint venture in the United Arab Emirates, with an estimated investment of about $100 million.

The Abu Dhabi Kuaentum Joint Venture aims to establish a hub for the personalization and testing of post-quantum semiconductors, with core services expected to include digital ID injection and embedded software updates at wafer and integrated circuit levels, SEALSQ ( LAES ) said.

The project is subject to the execution and signing of definitive agreements and other conditions, the company said.

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