Join our daily newsletter At The Bell to receive exclusive market insights
- BrainChip (BRN) has completed the wafer fabrication for its Akida system, enabling progression to the assembly and testing phase
- The first completed Akida devices will be used for testing both internally and by customers who signed on to the Early Access program
- If the system stands up to company expectations in the testing phase, BrainChip will be well on the way to developing an AI system with capabilities beyond anything currently available
- BrainChip is trading 33.7 per cent higher at 11.5 cents per share
BrainChip (BRN) has completed the wafer fabrication for its Akida neuromorphic system-on-chip, enabling progression to the assembly and testing phase.
The wafer manufacture was completed to schedule in conjunction with the company’s partners, Socionext and Taiwan Semiconductor Manufacturing Company.
Upon completion of assembly, the first completed Akida devices will be used for testing both internally and by customers who signed on to the Early Access program.
BrainChip President and CEO, Louis DiNardo, says the completion of the wafer fabrication represents a great leap forward in the company’s progress.
“This is an exciting and pivotal moment in BrainChip’s evolution to commercialise a very powerful technology that addresses the burgeoning AI Edge market,” Louis said.
“There is nothing quite like having silicon in your hand after years of work to define, develop and produce a revolutionary technology,” he added.
The Akida device has been designed to work like the human brain — to be flexible in its operation and learning capacity and efficient in its data transfer and power usage.
BrainChip believes the tech will have wide applications which will be “both scalable and flexible to address the requirements in edge devices.” The system’s efficiency will also deliver faster processing with a lower carbon footprint.
If the system stands up to company expectations in the testing phase, BrainChip will be well on the way to developing an AI system with capabilities beyond anything currently available.
BrainChip is trading 33.7 per cent higher at 11.5 cents per share as at 3:33 pm AEST.
