Ambiq Micro Inc., an ultra-low power semiconductor manufacturer, has applied for an IPO, and the technology company is currently trying to solve the power consumption challenges posed by artificial intelligence computing. According to documents submitted to the US Securities and Exchange Commission, the Austin-based company's chips are used in personal devices such as fitness trackers, as well as industrial applications such as crop monitoring. The document said that in the three months ending March 31, the company had revenue of US$15.7 million and a net loss of US$8.3 million. According to the document, Ambiq's technology consumes five times less energy than traditional chips.

Ambiq Micro Inc., an ultra-low power semiconductor manufacturer, has applied for an IPO, and the technology company is currently trying to solve the power consumption challenges posed by artificial intelligence computing. According to documents submitted to the US Securities and Exchange Commission, the Austin-based company's chips are used in personal devices such as fitness trackers, as well as industrial applications such as crop monitoring. The document said that in the three months ending March 31, the company had revenue of US$15.7 million and a net loss of US$8.3 million. According to the document, Ambiq's technology consumes five times less energy than traditional chips.