Austin, TX – Ambiq Micro Inc., a leading developer of ultra-low power semiconductor solutions, is seeking to raise up to $85 million through its initial public offering (IPO). The company plans to market 3.4 million shares at a price range of $22 to $25 each, according to recent SEC filings and reports from Bloomberg. This move positions the Austin-based firm to capitalize on the growing demand for energy-efficient chips crucial for artificial intelligence (AI) and edge computing applications.
Founded in 2010, Ambiq Micro specializes in designing chips that significantly reduce power consumption for general-purpose and AI computing, particularly at the edge. Its proprietary Sub-threshold Power Optimized Technology (SPOT) platform enables standard transistors to operate in an ultra-low power mode, allowing for substantial energy savings. The company's solutions, including systems-on-chip (SoCs) and software, have powered over 270 million devices to date, serving markets from wearables to industrial applications.
The company filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission earlier in July, announcing its intent to list its common stock on the New York Stock Exchange under the ticker symbol "AMBQ." BofA Securities and UBS Investment Bank are serving as joint lead book-running managers for the proposed offering, with Needham & Company and Stifel also acting as joint book-running managers. The IPO is expected to attract investors interested in the high-growth semiconductor market, especially those focused on AI.
Ambiq Micro reported $77 million in sales for the 12 months ended March 31, 2025, demonstrating its market presence in the ultra-low power chip sector. While the company has seen strong sales growth, particularly with large customers, it also faces challenges such as slowing revenue growth and customer concentration risks. Despite these factors, the increasing adoption of AI across various devices underscores the strategic importance of Ambiq's energy-efficient chip designs.
The IPO comes as the semiconductor industry continues to innovate, with a significant push towards lower-power designs to address the vast electricity consumption of modern AI systems. Ambiq Micro's focus on "AI at the edge" provides a competitive advantage, enabling more efficient and localized AI processing. The successful completion of this offering would provide Ambiq Micro with substantial capital to further its research and development, expand its market reach, and solidify its position in the evolving semiconductor landscape.