TECH - QuickLogic Shares Zoom 616% In 4 Years: Could This Chipmaker Be On A Nvidia-Style Trajectory? (CORRECTED) | Benzinga
Editor’s note: This story has been corrected to make clear that QuickLogic is profitable.
QuickLogic Corporation (NASDAQ:QUIK) is a rare example of a semiconductor stock that is not even close to its record highs. Those were hit more than a decade ago, but analysts are warming to the stock.
Just this week, the company unveiled a couple of important contract wins leveraging its expertise in field-programmable gate array (FPGA) circuits.
FPGAs can be programmed of reconfigured after production to perform specific functions, unlike more traditional application-specific integrated circuits (ASIC), designed for a single purpose.
Like many of its rivals, such as Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices Inc. (NASDAQ:AMD), QuickLogic is a fabless designer and developer of chips, that outsources their manufacture to foundries, such as those operated by GlobalFoundries Inc. (NASDAQ:GFS) or Taiwan Semiconductor Manufacturing (NASDAQ:TSM).