(RTTNews) - WISeKey International Holding AG (WKEY, WSKEF, WIHN.SW), a Swiss cybersecurity company, on Tuesday said its subsidiary, SEALSQ Corp. (LAES), has entered into a non-binding memorandum of understanding.
The agreement allows SEALSQ to begin exclusive negotiations with the shareholders of French quantum computing firm Quobly SAS for a potential strategic investment and majority acquisition.
The proposed multi-stage transaction is an initial minority investment followed by a potential acquisition.
If completed, the transaction would result in a total investment of about $200 million by SEALSQ in exchange for a majority stake in Quobly.
SEALSQ said the transaction is aimed at advancing secure and industrial-scale quantum technologies in Europe.
The move follows a strategic collaboration between SEALSQ and Quobly announced in November 2025.
The expanded partnership is expected to accelerate the development of secure-by-design, silicon-based quantum computing platforms.
Quobly was founded in 2022 and develops silicon-based quantum processors using established semiconductor manufacturing processes, targeting applications across defense, intelligence, financial services, pharmaceuticals, and other mission-critical sectors.
On Tuesday, SEALSQ had closed at $4.31, 0.0400 cents lesser on the Nasdaq. In the overnight trading, the stock traded 0.0100 cents lesser before ending the trade at $4.3000.
On Tuesday, WISeKey closed trading 3.31% higher at CHF 15.62 on the Swiss Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
