Ambiq Micro Targets $85M in IPO for AI-Powered Chips

Ambiq Micro, a semiconductor company specializing in ultra-low power chips for AI applications, has filed for an initial public offering (IPO) to raise up to US$85 million.

Based in Austin, Texas, Ambiq plans to offer 3.4 million shares in a price range of US$22 to US$25 each, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). If priced at the upper end, the IPO would value the company at approximately US$426 million, with a fully diluted valuation of US$491 million. The IPO is being underwritten by Bank of America and UBS, and shares are expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol AMBQ on July 29, 2025.

Key Highlights

• Ambiq Micro to raise up to US$85M via IPO at US$22–$25/share
• Targets AI-enabled, ultra-low power chips for wearables and industrial IoT
• Backed by investors including Arm Holdings and Kleiner Perkins

Ambiq’s chips are designed for maximum energy efficiency and are widely used in wearable tech such as fitness trackers, as well as in industrial IoT applications, including agriculture and crop monitoring systems. This positions the company within the fast-growing market for AI at the edge, where power-efficient processing is critical.

The IPO is supported by several high-profile investors, including Arm Holdings, Kleiner Perkins, EDB Investments, VentureTech Alliance, and Conductive Ventures.

Also Read: Huawei's AI Chip Strategy Tests US Tech Dominance Abroad

With this public offering, Ambiq aims to accelerate product development and global expansion, capitalizing on the rising demand for low-power, AI-enabled devices in both consumer and industrial sectors. The company's strategy aligns with broader tech trends favoring edge AI, energy-efficient hardware, and sustainable computing solutions.