QuickLogic Corporation (NASDAQ: QUIK) announced it has been awarded a contract for a discrete FPGA with a ceiling value of $2.7 million. Revenue recognition is scheduled to begin in the second quarter of 2026 and extend through the first quarter of 2027.

The contract targets GlobalFoundries' 12LP fabrication process with tape-out scheduled for 2026. Under the agreement, QuickLogic will design and tape-out FPGA test chips that will be incorporated into a new evaluation kit planned for late 2026.

The evaluation kit will be compatible with third-party development environments used by Defense Industrial Base and commercial customers. QuickLogic will receive test chips to characterize and include in the new evaluation kits.

"In parallel with these efforts, we're exploring the potential to leverage the discrete FPGA as a chiplet and offer both solutions as Storefront devices," said Andy Jaros, VP of IP Sales for QuickLogic. "With these options, the FPGA can be easily paired with third-party microcontrollers."

QuickLogic is a fabless semiconductor company that develops embedded FPGA hard IP, strategic radiation hardened and antifuse FPGAs, and programmable logic solutions for aerospace and defense, industrial, computing, and consumer markets.