BRAINCHIP HOLDINGS - ALREADY IN STRONG DEMAND AT THE START OF...

BRAINCHIP HOLDINGS - ALREADY IN STRONG DEMAND AT THE START OF THE YEAR

The start of the year was like a week of jubilation for BrainChip Holdings. The share price rose by a full 37% in the first few trading days.

Accompanying news was the appointment of Pia Turcinov as a non-executive director of the Company. Bringing 30 years of industry expertise, she is both an innovator and mentor and will be responsible for further developing and commercializing BrainChip's product portfolios.BrainChip Holdings is an Australian semiconductor company that manufactures a revolutionary neuromorphic processor called "Akida."

The Akida processor can learn on its own while in use, as it improves the overall performance of artificial intelligence systems by reducing latency and power consumption.

The new chip with AI capabilities represents a wide range of application areas, including control of autonomous vehicles, IoT devices and drones.

In 2021, BrainChip Holdings partnered with Japan's MegaChips to further develop its edge-based artificial intelligence.BRN shares have now reached a market capitalization of AUD 1.3 billion.

The stock is actively traded on Nasdaq and in Germany. The journey should continue upwards; research house Pitt Street sees a further 55% upside potential and issues a 12-month price target of AUD 1.45 in its buy study.DAIMLER