Sealsq to form joint venture with Ajyal Holding in UAE

Sealsq (LAES) announced the signing of a non-binding Letter of Intent with Ajyal Holding to establish a Joint Venture in United Arab Emirates with the name KUAENTUM. Building on UAE’s high-tech and space ecosystem, the Joint Venture intents to develop a cutting-edge Post-Quantum Semiconductors Personalization Center in Abu Dhabi, and integrate a post-quantum satellite production line as part of its global semiconductor and space security strategy. The project is subject to standard closing conditions including, but not limited to, the execution and signing of definitive agreements. The Abu Dhabi KUAENTUM Joint Venture is intended to serve as a secure hub for the personalization and testing of post-quantum semiconductors. Core services are expected to include digital ID injection and embedded software updates at both wafer and IC levels. In parallel, the facility plans to support the production of quantum-resilient communication satellites, delivering end-to-end security from chip to space. The Partners estimate the investment required to complete this project will be on the order of approximately $100M.