Agree, the last 2 years have neen about building a solid eco system foundation from which to launch. Plus, of course, product improvements. Renesas should well and truly have those chips they announced they were taping out in circa Dec'22. Renesas would not have produced them to gather dust. Interestingly, Renesas produces around 3.5 billion chips per year. Around 50% for automotive and the rest spread around key markets such as Industrial and IoT. Additionally, it is interesting that Renesas has formed a strategic partnership (circa June'22) with Tata Motors to design and make semiconductor solutions. I am not suggesting this partnership involves AKIDA because we do not know for sure (NDAs?), but it is duly noted that they are both part of our eco system that Sean with his team have built for the very purpose of serving Tata Motors/Renesas type partneships. Renesas is very basically/generally a system on chip company (SOC). It produces a whole range of solutions for various industries. Who said we were IP only? Renesas has taped out sheite loads of AKIDA chips for either clients or the garbage bin. You guess which one??
BRN Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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