Home Trending Stocks Wisekey International Holding (WKEY) stock is gaining in Monday’s pre-market after the...

Wisekey International Holding (WKEY) stock is gaining in Monday’s pre-market after the recent announcement

Wisekey International Holding (WKEY) stock has gained 3.32% in pre-market on Monday, April 12, 2021, as of this writing. WKEY’s stock lost -3.92% to close Friday’s session at $10.55. WKEY shares have lost 11.12% over the last 12 months, and they have moved down by 21.79% in the past week. Over the past three months, the stock has gained 60.09%, while over the past six months, it has added 65.36%.

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Recent Announcements

Addressing the semiconductors global shortage

On April 12, 2021, WISeKey International Holding Ltd. Said that the company is doing heavy investment in its supply chain transformation to provide better and faster service to its customers. The company is addressing the current semiconductor shortage situation by Increasing its Semiconductor manufacturing capabilities


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The current global pandemic situation increased the semiconductor demand and WISeKey is investing to fulfil the shortage.

WISeKey has been selected by global companies and billions of WISeKey’s secure chips are embedded in high-tech products and goods to protect data, communication and firmware against cyberattacks.

WISeKey launched TrustedNFT.IO

On April 9, 2021, WISeKey International Holding Ltd announced the launch of a platform known as TrustedNFT.IO., allowing NFTs to verify the existence and the ownership of a digital collectible using a combination of Digital certification and blockchain technology.

Climate Change and Sustainability NFT

On April 6, 2021,  WISeKey International announced to launch the first-ever Climate Change and Sustainability Non-Fungible Token (NFT), with the collaboration of SUNx Strong Universal Network.

WISeKeyand SUNx will launch the NFT auction of the original SWATCH created for the 1992 Rio Earth Summit by WISeKey on Earth Day, April 22, 2021.

Launching physical and digital collectibles NFTs in football

On April 1, 2021, WISeKey International Holding announced its plan to launch physical and digital NFTs in football.

The NFT platform will keep the football fans engaged on and off the field through a digital clubhouse 

World’s First NFT Auction

On March 31, 2021, WISeKey International announced the successful launch of the first NFT auction of a luxury watch in a partnership with Jean-Claude Biver

The auction took place from March 31 to April 6, 2021, on the leading Trusted WISe.ART NFT MarketPlace platform.

World’s first blockchain-secured art platform

On March 30, 2021, WISeKey International Holding Ltd announced to build the world’s first blockchain-secured art platformWISeART, together with Ocean Protocol who is the leader in decentralized data marketplaces.

WISeARTwill be a decentralized marketplace for physical paintings, sculptures, and more and will also include  NFTsto represent the physical work, combined with fungible tokens for more fluid price discovery, and enable staking on physical artworks.

Partnership agreement with Cortus

On  March 24, 2021, WISeKey announced that it has signed a partnership agreement with Cortus SAS to deliver the strongest end-to-end digital security to the automotive industry. Both companies said that the partnership will further expand to other areas such as Artificial Intelligence (AI), Internet of Things (IoT), and High-Performance Computing (HPC).

The global autonomous vehicle market is growing at a fast pace and it is expected to grow at a compound annual growth rate of 63.1% from 2021 to 2030.

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Conclusion

The company recently addressed the global shortage of semiconductors and affirmed that it is doing significant investment to cater for the needs which resulted in a positive start on the first day of the week.

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