The market for edge AI devices is growing fast, and Ambiq’s IPO will help it fund more products to meet demand there, executives say.

Ambiq Micro touts ultra-low power chips for AI at the edge, but recent revenue growth has stalled, and losses remain large. Learn more on AMBQ stock here.

The company’s IPO filing revealed that its silicon powers over 270 million devices worldwide. Ambiq sold more than 40 million chips last year alone and generated $76.1 million in revenue, a 16% increase from 2023. During the same time frame, Ambiq’s annual loss narrowed by about $10.6 million.