WiseKey's semiconductor subsidiary, Sealsq, has completed the development of a new RISC-V post-quantum secure hardware platform test chip, which is expected to be commercially available by the end of 2024, targeting various segments of the security chip market.
The next-generation chip, based on RISC-V's open-source core technology, not only meets today's highest security standards such as Common Criteria EAL5+ and NIST-FIPS, but is also capable of running quantum-resistant cryptographic algorithms to support next-generation hybrid power generation initiatives. These include powerful techniques such as lattice-based and **-based cryptography that are designed to defend against quantum computing threats.
The first commercial version of the new Sealsq platform, sampling will begin in late 2024, will align with key security benchmarks, including the widely recognized TPM 2 developed by the Trusted Computing Group (TCG).0 criteria. Sealsq does plan to use the platform to serve various segments of the security chip market, including TPM and secure microcontrollers dedicated to IoT, automotive, healthcare, and smart energy applications.
RISC-V technology is transforming the microchip industry, challenging established giants and paving the way for change. By the end of 2022, more than 10 billion RISC-V cores had been adopted by the industry, and thousands of engineers around the world contributed to RISC-V projects. According to SEMICO, the market is expected to grow at a CAGR of 70% by 2027 with the incorporation of RISC-V elements.
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The open-source nature of the RISC-V and its scalability, energy efficiency, and customizable architecture make it a versatile solution for a wide range of applications. RISC-V's ability to foster collaboration and drive innovation, combined with agile and future-proof design, has the potential to redefine industry standards and market dynamics.
According to a new 2023 report from ABI Research, the secure microcontroller (MCU) market is expected to grow to $2.2 billion by 2026. The need for security, especially for general-purpose microcontrollers, will ensure that the secure MCU market continues to be a high priority for device OEMs. Strong market demand will come from utilities and IIoT, as well as smart cities and buildings, especially for MCUs with trusted execution technologies that can securely run mission-critical and highly sensitive applications at the edge.
Meanwhile, the global Trusted Platform Module (TPM) market size is expected to expand at a CAGR of approximately 13% between 2023 and 2035. By the end of 2035, the market is expected to reach $6 billion in revenue, up from about 2035 and reaching $2 billion by 2022 due to the **constant** of connected devices such as laptops, smartphones, and tablets, and the convenience they provide for communication, entertainment, and work.