Kalray SA (FR:ALKAL) has released an update.
Kalray SA has announced the cessation of merger talks with Pliops due to unfavorable economic conditions and financial market trends. Despite this, both companies plan to explore commercial collaborations, combining Pliops’ KV technology with Kalray’s MPPA architecture. Kalray remains optimistic about its growth, expecting increased annual revenue for 2024, bolstered by a significant contract for its TC4 accelerator card.
For further insights into FR:ALKAL stock, check out TipRanks’ Stock Analysis page.
