Welcome to FinTech TV.
I'm Remy Flair.
As demand for AI chip surges, AmIC Micro is jumping into public markets.
The Texas-based company known for its ultra low power chips used in smartwatches, glasses, and other edge devices.
Now founded in 2010, AMIC, which stands for Ambient with Intelligence, says its chips could eventually support AI data centers and automated tech, all while keeping.
Our use and check.
Now AI went public here at the New York Stock Exchange and is now trading under a ticker symbol AMBQ here on the floor.
Well joining me live at the exchange is Krimihira Isaka, who is CEO of AMI.
Thank you so much for joining me to be here.
Well, it has been a big week for IPOs here at the New York Stock Exchange.
So first and foremost, start out by telling us.
About Ambi Ambi has a technology platform that allows semiconductor operate with ultra low power like you said, and that really going to enable a lot of AI products, and we're very excited that now that the AI is really becoming part of our day to day lives.
So again, we're very excited and we're really excited to be here today.
Yeah, and I do want to ask you about this ultra low power because this is at a time when there's energy hungry artificial intelligence, is there?
So give us an understanding of what you're doing.
So AI has a technology platform called Spot Technology that operates below the threshold level of the voltage.
That usually defined for each node of the technology, we can go way below that so that our energy efficiencies are, you know, almost like 5 times more than conventional semiconductor, and that really enables AI to be more meaningful and functionality will be very, very extensive.
And you listed here at the New York Stock Exchange, you had a successful open.
So the big question is what are you going to do for the proceeds and in terms of your vision for the company, what are you looking at?
Again, AI is really exploding and The usage of HAI is really going to change our life, and it's changing really fast today and I believe that in a few years it's going to change a lot.
I mean, you look at the AI glasses, you know, they're going to like look at the things the way that you look at, plus a lot of functionality.
For example, when I meet you.
First time, maybe I know your background already.
I have AI glasses because we will look at your background on LinkedIn or something like that.
So Rey, I know your background, where you've been, what you've been doing, so I get to talk to more intelligently.
And you know, even some of the hearing aids, some of the watches, medical devices, always going to be so intelligently useful to our life.
Yeah, and that really does put the word intelligence into artificial intelligence, doesn't it?
Exactly, exactly.
I believe that our life is going to be so better.
And as you know, AI requires a lot of energy and with that the really ultra low power semiconductor, those products will not be sometimes even functional.
We had some customers tell us that with that AI product, their product is not going to be able to function the way that it should, and you can see that some of the AI products today has a very short battery life.
And some of the functionality is not as good as it needs to be.
We can enhance those products with meaningful battery life as well as great functionality of AI.
That's why we're very excited and we really hope that you know we can enable more and more intelligence everywhere and Fumi, when we think about when.
Smartwatches or other devices first came to market.
Consumer expectations were not as high as they are now, because if you have a smartwatch, you're using it all day, you do expect a lot of functionality as well as battery life.
So for people who want a better understanding of how your technology is actually low energy in a nutshell, can you explain it to us?
So stage one back in 2015 when we started introducing our MCU, we enabled our customer to make a battery life to be one day, one week, 2 weeks to 3 weeks.
Now we are enabling them.
I mean, you may not see.
A really AI functionally in the obvious way like chat GBT, but these smart watches already are adopting a lot of intelligence already and very soon you can just talk to the watches and they'll tell you what you need to know.
Even then, the watch may tell you that, hey, you know, your vital is great today.
Keep up, or sometimes.
You don't look good.
What may talk to you to go see a doctor, so it's going to be a whole new even watch world in a few years to come.
Yeah, you bring up an important point because I have heard of stories of people with higher heart rates or something that they may not have been aware of, but you have your smart devices telling you what's actually happening with your body.
So finally, before I let you go.
You've shipped millions of chips for smart devices, but when it comes to your strategy for breaking into higher performance markets, what are you looking at?
Well, we already shipped $270 million so if you look around these floors, airport, our devices already work.
But I'd like you ask, you know, what are the proceeds going to be used, we are going to expand our.
Engineering capability so that we can respond to all the customers ask.
We've been flooded with a lot of requests for the new functionality product, so we'll be really enabling our customer with more and the best AI capability.
So you will see that, you know, we'll be expanding into more of a high performance AI product and we'll be enabling those intelligence everywhere always on real time.
Well, Hui, congratulations on taking the company public and thank you so much for sharing your story.
My pleasure.
Thank you.
