SEALSQ and Kaynes SemiCon Reach Final Agreement to Develop a Sovereign Indian Post-Quantum Semiconductor Joint Venture in Alignment with MeitY

Geneva, Switzerland, Jan. 09, 2026 (GLOBE NEWSWIRE) --

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, and a subsidiary of WISeKey International Holding AG (NASDAQ:WKEY, SIX: WIHN)) ("WISeKey"), today announced that it has reached a final, binding agreement with Kaynes SemiCon to establish SEALKAYNESQ Ltd, a Joint Venture ("JV") in India. The JV is being formed with the objective of developing, personalizing, and deploying a Sovereign Indian Post-Quantum semiconductor platform, fully aligned with India's national digital sovereignty and security priorities, and developed in direct dialogue with India's Ministry of Electronics and Information Technology (MeitY), the central authority responsible for India's electronics, IT, cybersecurity, and emerging-technology strategy.

SEALKAYNESQ Ltd plans to establish a secure semiconductor design, test, and on-shore personalization center in India, with the goal of moving well beyond a conventional OSAT model to create a high-assurance industrial platform dedicated to quantum-resistant and security-critical semiconductor technologies. The JV intends to focus on sectors where national security, data sovereignty, and regulatory compliance are paramount, including government, defense, finance, healthcare, critical infrastructure, and large-scale IoT ecosystems operating under Indian national security regulations.

The JV aims to deploy an Outsourced Semiconductor Test & Personalization (OSTP) facility within Kaynes SemiCon's manufacturing campus in India, integrating advanced wafer and final test capabilities compliant with Common Criteria (CC) standards, secure PKI-based lifecycle key management, and native Post-Quantum Cryptography (PQC) embedded directly at the silicon level. A key milestone target of the collaboration will be the localized deployment of SEALSQ's Quantum Shield™ semiconductor architecture in India, providing a foundational layer of long-term quantum resilience for Indian digital infrastructure and critical systems.

Under the agreed structure, SEALSQ will hold 51% of JV's share capital, while Kaynes SemiCon will hold 49%, with governance shared through a five-member board. Core intellectual property from SEALSQ and WISeKey is intended to be licensed exclusively to the JV for the Indian market, while any new intellectual property developed within the JV would be owned by SEALKAYNESQ Ltd, reinforcing India's long-term technological sovereignty and domestic capability building.

SEALSQ's contribution is central to advancing India's Post-Quantum readiness. Through its portfolio of PQC-ready secure elements, cryptographic processors, VaultIC secure hardware, INeS PKI lifecycle management platforms, QS7001 Quantum Shield™ technology, and QVault-TPM post-quantum secure processors, SEALSQ will aim to enable India's work to future-proof critical digital systems against the cryptographic risks posed by quantum computing. By embedding Post-Quantum cryptography directly into Indian-manufactured semiconductors, the JV would ensure that connected devices remain secure well beyond the advent of practical quantum computers, strengthening India's digital sovereignty, resilience, and global competitiveness.

Carlos Moreira, CEO of SEALSQ, stated, "Reaching a final agreement with Kaynes SemiCon represents a decisive milestone and emphasized that the JV is not merely an industrial collaboration but a strategic sovereign initiative aligned with India's national digital and security priorities and developed in direct dialogue with MeitY. By combining SEALSQ's post-quantum semiconductor and security expertise with Kaynes SemiCon's rapidly expanding manufacturing capabilities, the partners are building an Indian Post-Quantum semiconductor platform designed to protect critical national infrastructure for decades to come."

Raghu Panicker, CEO of Kaynes SemiCon, commented, The JV marks a defining moment in India's semiconductor journey, combining advanced manufacturing, OSAT capabilities, and world-class post-quantum security technologies to create a uniquely Indian, secure, and future-ready semiconductor ecosystem. The integration of quantum-resilient technologies into Kaynes SemiCon's platform directly supports India's ambition for semiconductor self-reliance and global leadership in trusted electronics manufacturing."

The JV should also be eligible to benefit from the Swiss–India Free Trade Agreement (FTA) under the European Free Trade Association (EFTA) framework, which significantly reduces customs duties on advanced semiconductor equipment and technology imports, enhancing cost efficiency and facilitating smoother bilateral trade and technology transfer between Switzerland and India. This trade environment strengthens the competitiveness and scalability of the JV's operations in India.

Kaynes SemiCon's Sanand, Gujarat facility has already delivered India's first packaged semiconductor chips, positioning it as a cornerstone of the country's emerging semiconductor manufacturing ecosystem. With strong support from both central and state governments under the India Semiconductor Mission and the "Make in India" initiative, Kaynes SemiCon and SEALKAYNESQ Ltd are expected to play a pivotal role in advancing India's ambition to become a global semiconductor hub.

About SEALSQ:

SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements

This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 [email protected]

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 [email protected]