Ultra-low power chip manufacturer Ambiq Micro applies for a US IPO aiming to raise $80 million
Ultra-low power chip manufacturer Ambiq Micro officially disclosed its initial public offering (IPO) terms on July 21, planning to list on the New York Stock Exchange and raise $80 million. The company plans to issue 3.4 million shares of common stock, with a pricing range of $22 to $25 per share, resulting in a fully diluted market capitalization of approximately $435 million. Founded in 2010, Ambiq Micro focuses on developing low-power semiconductor solutions, with products powering over 270 million devices and shipping 42 million chips in 2024, 40% of which support AI computing. The funds raised will be used for product research and development and market expansion
According to the Zhitong Finance APP, Ambiq Micro, a ultra-low power chip design company headquartered in Austin, Texas, officially disclosed its initial public offering (IPO) terms on Monday (July 21). The company plans to list on the New York Stock Exchange under the ticker symbol "AMBQ."
According to the prospectus, Ambiq Micro plans to issue 3.4 million shares of common stock, with a pricing range of $22 to $25 per share. Based on the midpoint price of $23.5, the company's fully diluted market capitalization is approximately $435 million.
Founded in 2010, Ambiq Micro is dedicated to developing ultra-low power semiconductor solutions for artificial intelligence computing and other applications. Its core competitiveness lies in its self-developed SPOT platform (Sub-threshold Power Optimized Technology), which utilizes a set of patented chip design technologies to enable traditional transistors to operate in a "sub-threshold" or "near-threshold" ultra-low power state.
With this technology, Ambiq is able to significantly reduce chip power consumption, making it particularly suitable for AI applications in "edge computing" scenarios. The company's products include a variety of system-on-chip (SoC) solutions, along with embedded software that supports AI computing, general computing, sensing, storage, security, wireless connectivity, and graphics processing.
Currently, Ambiq's products power over 270 million devices, with 42 million chips shipped in 2024 alone, more than 40% of which support AI algorithm computing.
According to its disclosed financial data, for the 12 months ending March 31, 2025, Ambiq Micro achieved revenue of $77 million. The funds raised in this offering will primarily be used for product research and development, market expansion, and general operational purposes.
In the context of the rapid development of the AI industry, the demand for low-power, high-efficiency chips in edge computing has surged, making Ambiq Micro's technological route particularly critical. Compared to cloud-dependent large model solutions, Ambiq's solutions are closer to end devices, such as smart wearables, medical monitoring, and industrial IoT scenarios, providing a natural advantage in power-constrained environments.
This IPO is being managed by Bank of America Securities, UBS Investment Bank, Needham & Co., and Stifel as joint bookrunners. Pricing and trading are expected to occur in the week of July 28, 2025
