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Harmonychain AS ( (DE:7EW) ) has issued an announcement.
Lokotech AS has completed final quality control and GDS-II sign-off for its full commercial Scrypt/AI ASIC design, concluding that all prerequisites have been met and technical risks reduced to an acceptable, low level. The design files have been submitted to its IC assembly partner for manufacturability checks ahead of tape-out, marking the most significant project milestone since work began in 2020 and signaling that Harmonychain is advancing toward commercial production in the competitive crypto and AI hardware space.
By reaching this stage, the company substantially de-risks its flagship ASIC project and moves closer to monetizing years of development investment, which could strengthen its position among specialized chip providers. The milestone also underscores the importance of a broad ecosystem of contributors, from engineers and suppliers to institutional supporters, in bringing complex semiconductor projects to market.
More about Harmonychain AS
Harmonychain AS, through its subsidiary Lokotech AS, operates in the semiconductor and crypto-mining technology industry, focusing on the development of specialized Scrypt/AI ASIC chips. The company targets high-performance, application-specific integrated circuits for blockchain and artificial intelligence workloads, aiming to improve efficiency and competitiveness in these compute-intensive markets.
Average Trading Volume: 2,892,684
Current Market Cap: NOK522.9M
For an in-depth examination of 7EW stock, go to TipRanks’ Overview page.