-+ 0.00%
-+ 0.00%
-+ 0.00%

SEALSQ Corp Confirms Operations Unaffected by Trump Administration's Tariffs, Bolstered By Innovation Strategy And Leadership In Post-Quantum Cryptography

Benzinga·04/04/2025 12:19:11
Listen to the news

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, today confirmed that its operations are unaffected by the Trump administration's recently announced tariffs. An exemption on semiconductors under the current trade policy means the Company faces no impact at this stage, while its business is bolstered by the innovation strategy, U.S. development roadmap, and leadership in post-quantum cryptography—which is soon expected to become a legal compliance requirement under a U.S. executive order.

On April 2, 2025, the U.S. administration introduced its "Fair and Reciprocal Plan," setting a 10% tariff on most imports and higher rates on certain trading partners (e.g., 20% on China, 32% on Taiwan), effective April 5, 2025. However, semiconductors are currently exempt from these duties, safeguarding SEALSQ's portfolio of secure microchips used in IoT, automotive, healthcare, and infrastructure applications for the time being.