SEALSQ Signs Term Sheet With Kaynes SemiCon To Form JV Company, SEALKAYNESQ Ltd, To Be Established In India

SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products,, a subsidiary of WISeKey International Holding AG (NASDAQ:WKEY, SIX: WIHN))), a global leader in cybersecurity, digital identity, and IoT solutions platform, today announced the signing of a Term Sheet with Kaynes SemiCon to form a Joint Venture company, SEALKAYNESQ Ltd, to be established in India. The new entity aims to focus on developing a state-of-the-art semiconductor design and personalization center, strengthening India's strategic position in the global semiconductor supply chain. This strategic collaboration moves beyond a generic design center, to create a specialized hub for high-security semiconductor solutions.

The proposed Joint Venture plans to establish an Outsourced Semiconductor Test & Personalization (OSTP) facility within Kaynes SemiCon's manufacturing site in India. This initiative aims to enhance Kaynes SemiCon capabilities with advanced Wafer/Final Test services, compliant with Common Criteria (CC) standards, and integrate Public Key Infrastructure (PKI) and Post-Quantum Cryptography (PQC) personalization capabilities to serve the INDIA market where National Security regulations apply. A key strategic milestone will be the localized deployment of the SEALSQ Quantum Shield semiconductor in India, providing a foundation for secure post-quantum computing resilience across multiple sectors.

SEALSQ will hold 51% of the JV's share capital, while Kaynes SemiCon will hold 49%, with governance shared equally under a five-member board. Intellectual property rights will be licensed exclusively to the JV by WISeKey and SEALSQ, with new IP developed by the JV owned by the company.

This partnership combines SEALSQ's leadership in cybersecurity, post-quantum cryptography, and secure semiconductors with Kaynes SemiCon's fast-rising semiconductor manufacturing capabilities in India, aligning with global supply chain resilience goals and India's national semiconductor strategy.

SEALSQ's contribution is pivotal in advancing India's Post-Quantum resilience. With its portfolio of PQC-ready chips, secure elements, and crypto-processors IPs, SEALSQ has the potential to enable India to future-proof its digital infrastructure against the risks posed by quantum computers. The Company's proven experience in deploying PKI lifecycle management platforms (INeS), its VaultIC hardware security modules, its QS7001 and QVault-TPM post-quantum secure processor can empower India to secure critical sectors such as finance, healthcare, government, defense, and IoT ecosystems in relation with India National Security. By embedding PQC personalization at the chip level, SEALSQ aims to ensure that Indian-made devices and systems remain secure well beyond the arrival of practical quantum computing, reinforcing India's digital sovereignty and global competitiveness.

As of mid-September 2025, Kaynes Technology's trailing twelve-month (TTM) revenue was $340 million, with a market capitalization of $5.44 billion. This strong financial foundation underscores Kaynes SemiCon's capacity to scale advanced semiconductor initiatives and support India's ambition to become a global semiconductor hub.