2024 BrainChip Discussion, page-7228

I have been reading a great number of articles around this takeover and based on a consensus of those opinions the following seems clear:

1. Graphcore was on its knees financially and if the UK Government had rejected the foreign takeover it would have gone into liquidation.

2. It’s $2 billion plus value was off the back of a contract to supply Microsoft.

3. Microsoft cancelled the contract when Graphcore could not make their chip work.

4. Microsoft’s verdict pulled the pin on Graphcores ability raise finance to keep the doors open.

5. The venture capital market did not believe recent claims by Graphcore they had been able to fix the problems that lost the Microsoft contract.

6. A number of journalists have reported that Softbank was buying the ready made team of somewhere around five hundred engineers employed by Graphcore and the valuation did not attribute any value to their IP. They claimed the purchase price represented about $1 million odd per engineer.

My opinion only DYOR

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