Brainchip: Our software design is complete. Next stop – Brainchips for everyone

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Brainchip (ASX: BRN) says the design of its Akida Neuromorphic processing chip is complete.

The company said it has completed design work on the register transfer level – defined as the flow of digital signals between hardware registers – and sent them to its manufacturing partners.

This is the first production news feed in a few months, after BRN said it had completed hardware testing for its device – the Neuromorphic System-on-Chip (NSoC) design with functional silicon – in mid -September.

This accompanied a scorching run in BRN stocks, following the announcement of a September 2 tie-up with Texas-based semiconductor company VORAGO Technologies.

BRN shares peaked at 94c in early September, marking a breathtaking rally nearly 20 times from its March lows following the COVID-19 crisis.

At the end of the month, BRN shares were back below 40c, where they have since traded in a narrower range. The stock rose around 5% after this morning’s announcement to 36.5c.

Brainchip for all

Brainchip says its ledger transfer level (RTL) designs have now been sent to its manufacturing partners, Socionext America (SNA), the US division of Japanese conglomerate Socionext.

SNA will now complete the design and send instructions to BRN’s other partner, the Taiwan Semiconductor Manufacturing Company, for “mask making and wafer fabrication.”

In electronics, a wafer is a thin slice of semiconductor material used to make integrated circuits.

BRN’s set of neuromorphic masks will be used to fabricate wafers as well as to “support qualification testing and parametric testing of the Akida device”.

CEO Louis DiNardo said the pads would be used to meet “potential customer needs in 2021 and beyond”.

While BRN says its neuromorphic technology includes an AI function modeled on the human brain, the company’s broader goal is to develop semiconductor technology that can work at the “periphery”, without depending on ‘a central processor or memory processor.

Brainchip said its target markets for the completed NSoC will be spread across various Internet of Things (IoT) related industries such as remote controls, security cameras, and autonomous vehicles.

The company’s 4C record for the September quarter showed that it had recorded US $ 10,000 in customer cash inflows with operating cash outflows of US $ 2.2 million, mainly comprised of 1.1 million US $ of R&D costs.

BRN closed the September quarter with $ 12.2 million in the bank. After the quarter ended, he said the cash balance reached US $ 20.3 million after investor LDA Capital exercised a put option agreement.


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