Ambiq Micro, a 15-year-old chipmaker specializing in ultra-low-power semiconductors for wearables and medical devices, closed its first day of public trading at $38.53 per share, marking a 61% jump from its $24 IPO price. The strong debut gives the company a market capitalization of $656 million, significantly up from its last private valuation of $450 million in 2023, according to PitchBook.
Ambiq has positioned itself to benefit from the rapid growth of AI at the edge, emphasizing its ability to embed intelligence into energy-constrained environments. Backed by Kleiner Perkins and EDB Investments, the company reported $15.7 million in Q1 revenue with narrowing losses. The IPO signals renewed investor appetite for small-cap hardware firms riding the AI wave.
