Big gains for QuickLogic after Android sensor hub announcement

|About: QuickLogic Corporation (QUIK)|By:, SA News Editor

QuickLogic (QUIK +10.6%) surged to within a hair's breadth of its 52-week high after announcing an out-of-the-box sensor hub solution (tracks a user's location and motion) for smartphones/tablets running Android 4.4 (KitKat).

The announcement comes five months after QuikLogic launched its ArcticLink 3 S1 sensor hub. The products are aimed at Android OEMs looking to keep pace with Apple, which has included a similar chip (the M7 motion co-processor, manufactured by NXP) within the iPhone 5S and iPad Air.