PARTNERSHIP STRENGTHENED - BRAINCHIP HOLDINGS

The researchers and developers of the semiconductor company BrainChip Holdings (WKN: A14Z7W ISIN: AU000000BRN8 Ticker: 24Y) have entered into a partnership with the Japanese MegaChips (WKN: 915913 ISIN: JP3920860008 Ticker: MHC) to further develop their edge-based artificial intelligence. BrainChip is already a leading supplier of ultra-low-consumption high-performance chips. With the help of the cooperation, the BrainChip development Akida-IP is out-licensed and marketed by MegaChips. This allows BrainChip to focus on further development, receives license income and MegaChips can significantly improve its market position compared to the competition.

As a multi-billion dollar company, the Japanese want to market the applications in the automotive industry but also to industrial robotics. Autonomous or energy-saving chip systems are in high demand here, because especially in e-mobility, every chip installed as an energy guzzler reduces the range of battery-powered vehicles. MegaChips CEO Tetsuo Hikawa commented,"By working with BrainChip and integrating their Akida technology into our ASIC solution service, we are better able to handle the development and support processes required to design and manufacture integrated circuits and systems on chips that can take advantage of edge AI."