Ann: Appendix 4C and Activities Report - Correction, page-38

"A 300 mm diameter wafer can hold 148 die
(assuming they are each 20 mm × 20 mm)"
Thats a random calculation I grabbed from the net, which doesn't allow for rejects.

AKIDA looks to be pretty big and is at least 20x20mm (anybody have an actual size?).

$2500/148=$16. 89 which is well above Brainchips volume customer pricing of $15 per chip.

If we use $2000 per wafer, we get $13.51 and a margin of $1.49 (which sounds about right, considering BRN's idea of volume, for that pricing, would be millions).

Pricing would be much higher than that, for volumes in the hundreds of thousands (you would expect).

The payment of 2.25 million (which is obviously only initial and would not be solely for wafers) only accounts for 166,500 chips, in an ideal World ((2.25mil/2000)x148).

We would need to spend 13.5 million (which we have), to make 1 million chips.
I can't see a wafer being less than $2000, or more chips per wafer..
(but hey, remember, I'm a cleaner)

That's why the IP deals are so Golden, nearly 100% profit margin.

The biggie, or one of.. (IP), which is yet to rear its head, is more likely Apple, than Tesla, in my opinion.
It feels more like their MO to me, with all the secrecy, than Musk's, who would likely already have tweeted about the "little Australian A.I. Company" he's dealing with.
The fact that he has one of the TrueNorth developers, working with him, reinforces that for me.
Is he making a mistake? I think he is.

Brainchip had a picture of an iPhone in a investor presentation years ago and Lou is just cheeky enough, to use Apple as an example of the importance of NDAs, when they were actually dealing with them

My opinions only.