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Low-power chip supplier Ambiq Micro files to go public

  • Ambiq Micro Inc., a chipmaker specializing in power-efficient processors for connected devices, has filed to go public.
  • The company, known for its Apollo series of systems-on-chip (SOCs), aims to list its shares on the NYSE under the ticker symbol 'AMBQ'.
  • Ambiq reported a loss of $50.3 million on sales of $65.5 million in 2023, with revenue increasing by 16% to $76.1 million in the following year.
  • The firm plans to utilize proceeds from the IPO for product development efforts, expanding its chip offerings, integrating its power management technology SPOT into various products, and launching a licensing program.

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