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- Tech developer BrainChip (BRN) has signed a joint development agreement with European automotive supplier Valeo for the Akida System-on-Chip (SoC)
- Valeo supplies sensors and systems for autonomous vehicles (AV) and advanced driver assistance systems (ADAS)
- The SoC will be developed to process data and learn in a way that is a lot more focused and streamlined than previous system architectures
- The partnership with Valeo, if successful, will give BrainChip access to a wide, high-end market for its novel tech
- BrainChip expects its costs will be covered through payments related to specific development milestones
- BrainChip is trading 36.4 per cent higher today at 12 cents per share
Tech developer BrainChip (BRN) has signed a joint development agreement with European automotive supplier Valeo for its Akida system.
Valeo supplies sensors and systems for autonomous vehicles (AV) and advanced driver assistance systems (ADAS).
The tier-one auto supplier will incorporate BrainChip’s Akida neuromorphic System-on-Chip (SoC) as a neural network processor in Valeo’s sensing system.
The SoC will be developed to process data and learn in a way that is a lot more focused and streamlined than previous system architectures.
The low-power, reliable system will bypass the need for an exterior processing unit to integrate large amounts of sensor data, and instead provide a potentially better and more elastic solution in one compact package.
The partnership with Valeo, if successful, will give BrainChip access to a wide, high-end market for its novel tech.
BrainChip expects its costs will be covered through payments related to specific development milestones.
BrainChip is trading 36.4 per cent higher today at 12 cents per share as at 11:20 am AEST.
