- SEALSQ Corp (LAES, Financial) launches MS6003 secure element chip with FIDO2 authentication for enhanced passwordless security.
- Projected growth of the FIDO authentication market from $2.16 billion in 2025 to $15.32 billion by 2035 at an 18.3% CAGR.
- MS6003 features rapid deployment capabilities and meets Common Criteria EAL5+ standards, addressing critical security needs.
SEALSQ Corp (LAES), a key player in semiconductor and security technology, has unveiled the MS6003 secure element chip. The chip is preloaded with a FIDO2 authentication application aimed at enhancing passwordless security solutions across various sectors. By simplifying secure authentication, the MS6003 is designed to protect identity verification, maintain device integrity, and control system access.
The MS6003 chip stands out for its rapid deployment features, reducing time-to-market through pre-provisioning and FIDO2 certification. It aligns with the rigorous Common Criteria EAL5+ standards, ensuring robust security compliance for global markets. Its versatile application potential makes it a valuable option for integration into PC OEMs, enterprise systems, automotive IoT devices, and consumer electronics.
SEALSQ's strategic launch of the MS6003 chip comes at a crucial time, as the global FIDO authentication market is anticipated to grow significantly, from a valuation of $2.16 billion in 2025 to $15.32 billion by 2035, driven by rising cybersecurity threats and the demand for secure, user-friendly authentication methods. This growth, with a projected 18.3% compound annual growth rate (CAGR), underscores the increasing importance of passwordless, phishing-resistant authentication in combating data breaches, 80% of which are attributed to compromised credentials.
The introduction of the MS6003 positions SEALSQ to capture a substantial share of this expanding market, offering a turnkey solution that integrates seamlessly with their proprietary Root of Trust and Public Key Infrastructure (PKI) services. This comprehensive offering suggests potential growth in recurring revenue, extending beyond single-point hardware sales to an integrated security ecosystem.
