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BrainChip Holdings ( (AU:BRN) ) has issued an update.
BrainChip Holdings has made significant strides in the first quarter of 2025, with key developments including a contract awarded to Frontgrade Gaisler by the Swedish National Space Agency to commercialize a neuromorphic System on Chip for space applications, integrating BrainChip’s Akida™ technology. Additionally, BrainChip has entered into a subcontractor agreement with Raytheon for a U.S. Air Force Research Laboratory contract, collaborated with Onsor Technologies for a seizure prediction wearable, and partnered with Information Systems Laboratories to advance AI-based radar solutions. The company is also considering redomiciling to the United States to potentially enhance shareholder value.
More about BrainChip Holdings
BrainChip Holdings Ltd is a pioneering company in the neuromorphic artificial intelligence industry, known for being the first to commercialize this technology. Their primary product, the Akida™ platform, is designed to enhance AI processing capabilities with energy efficiency. The company focuses on various market segments, including space applications, defense, and healthcare, through collaborations and partnerships.
YTD Price Performance: -31.48%
Average Trading Volume: 158,090
Technical Sentiment Signal: Hold
Current Market Cap: $345.4M
For detailed information about BRN stock, go to TipRanks’ Stock Analysis page.