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The company was established at the University of Michigan by professors Dennis Sylvester and David Blaauw and postdoctoral researcher Scott Hanson, who serves as the chief technology officer. Initially named Cubiq Microchip, Ambiq Micro spent several years developing its technology before creating its first commercially viable prototype.
Early on, the company participated in several business plan competitions. In 2010, it received awards at the Michigan Business Challenge and the DFJ-Cisco Global Business Plan Competition. It also secured pre-seed funding from the University of Michigan's Frankel Commercialization Fund.
In 2025, Ambiq Micro filed for an initial public offering on the New York Stock Exchange under the symbol AMBQ, with BofA Securities and UBS as lead underwriters. The company sold four million shares at $24 each, raising $96 million, and ended its first trading day with a market capitalization of $656 million.