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- BrainChip Holdings (BRN) partners with MegaChips to develop the BrainChip Akida IP through a multi-year license agreement
- The agreement will give MegaChip an intellectual property license for designing and manufacturing BrainChip’s Akida tech into external customer’s system on chip designs
- In exchange, BrainChip will receive an upfront license fee and additional payments over the term of the agreement
- MegaChips says the agreement will enable it to supply the automotive, camera, gaming and industrial robotics markets
- BrainChip Holdings is up 9.26 per cent to 59 cents at 11:08 AEDT
BrainChip Holdings (BRN) has partnered with MegaChips to develop the BrainChip Akida IP.
BrainChip’s Akida technology is a high-performance, ultra-low-power solution that enables a wide range of capabilities. Due to its flexibility and scalability, according to BRN, the tech can be used in smart homes, health, city and transportation.
The four-year agreement with Japan-based MegaChips and BrainChip will give MegaChips an intellectual property license for use in designing and manufacturing BrainChip’s Akida tech into external customer’s system on chip designs.
In exchange, BrainChip will receive an upfront license fee and additional payments over the term of the agreement.
On top of this, it will be eligible to receive additional compensation based on engineering efforts, software support fees and royalties associated with MegaChip’s customer engagements.
By partnering with BrainChip, MegaChips said it will be able to supply the automotive, camera, gaming and industrial robotics markets.
“The MegaChips and BrainChip partnership furthers both company’s missions to push boundaries and offer unprecedented products,” Rob Telson, BrainChip VP of Worldwide Sales and Marketing said.
“By providing Akida’s on-chip learning and ultra-low power Edge AI capabilities as an integrated technology in MegaChips’ ASIC solutions, we are able to deliver a cascading array of benefits to cutting-edge products that not only ensure power efficiency without compromising outcomes but can run autonomously for incremental learning without the need to go back and forth to the cloud.”
BrainChip Holdings is up 9.26 per cent to 59 cents at 11:08 AEDT.
