05:18 AM EST, 01/30/2025 (MT Newswires) -- (Updates with the stock move in the headline and the second paragraph.)

SEALSQ ( LAES ) said Thursday it is committed to strengthening its presence in the US and plans to establish a semiconductor manufacturing facility through the expansion of SEALSQ USA.

Shares of the company jumped more than 7% in premarket activity Thursday.

The company said the initiative would reinforce the US semiconductor supply chain by enabling domestic production of advanced post-quantum microchips.

As part of the expansion, SEALSQ USA will establish a dedicated Outsourced Semiconductor Assembly and Test center, the company said.

It added the facility will focus on enhancing the US's semiconductor self-sufficiency by providing comprehensive packaging, testing, and final assembly services, contributing to a more secure and resilient domestic semiconductor ecosystem.

Price: 3.53, Change: +0.25, Percent Change: +7.62