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