BRN Discussion Ongoing

[HopalongPetrovski]

It appears the USAFRL and Navy transition via believes we are up to it. Both potentially huge.
QV/Lockheed- Martin as well - game changer cybersecurity. Plus others that have come to light since Sept'24.
Example of how long it takes.
Renesas licenced AKIDA in Dec'20. Two years later after negotiating with clients it announced in Dec'22 it announced it was taping out a chip of its own containing AKIDA.
The taping process likely took 3 to 6 months.
The client was likely auto so the testing process could take years and if not safety related we may see something later this year. If its safety related testing takes a lot longer.
But the chip is surely with a client otherwise why would Renesas bother.
Because BRN is around 74% public/retail owned and the ASX knows its highly shorted and traded BRN cannot announce the slightest information that may have the slightest chance of creating a false market.
The ASX puts up with trader created pumps and dumps but would not tolerate BRN giving traders a sniff. Eg Merc news which were not even BRN created.
The reason is that the ASX knows in false markets shorters and traders take money from mum and dad retailers who often buy near tops when the excitement peaks.
BRN, a predominately retail held stock is easy money for them. They are out to take your money.
BRN cannot even give qualified estimates of Engagements ongoing, projected revenue timeframes etc. Traders would jump on and pump like no tomorrow and dump leaving mums and dads watching as it falls.

I really don't think the ASX are terribly interested in looking after "mum and Dad retail" or anyone else in particular.
All they want is volume transactions occurring as they make money every time a share changes hands.
This is why they not only tolerate but actively encourage both traders and shorter behaviour.
It pumps up the volume traded and they make more revenue.

 

[rgupta]

Totally agree.

Currently, the company earns $0 in royalty fees, and our revenue doesn’t even come close to covering Sean’s salary. This leaves us with only two possible conclusions: either our product/technology is subpar, or our management is failing. Earlier this year, Sean loudly celebrated landing a “huge deal,” which turned out to be a partnership with a small company Onsor that sells student iPads. As expected, the deal brought in zero revenue. Sean has failed to deliver — it’s time for him to go.

Sorry our revenue is not enough even to cover CFO salaries.
Dyor

 

[manny100]

I really don't think the ASX are terribly interested in looking after "mum and Dad retail" or anyone else in particular.
All they want is volume transactions occurring as they make money every time a share changes hands.
This is why they not only tolerate but actively encourage both traders and shorter behaviour.
It pumps up the volume traded and they make more revenue.

They did not like the press BRN got covering the excitement and the huge number of complaints from those caught out.
ASIC is subject to ministerial and Omsbudsman complaints and these always come from mum and Dad retailers in truckloads when things go bad and those complaints are the bane of any Government regulated body.
BRN with 74% of SOI retail holders saw a lot caught out.
Had to blame some one.
If they did not get huge numbers caught out and the media they would not care.

 

[Smoothsailing]

6G Wireless Networks: The Coming Convergence with Edge AI and Neuromorphic Computing

As the world begins to explore what comes after 5G, 6G wireless networks are rapidly emerging as a foundational technology for the next era of connectivity. With projected data rates of up to 1 Tbps, sub-millisecond latency, and the integration of terahertz (THz) spectrum, 6G is expected to redefine how we interact with machines, environments, and each other.

But raw speed alone won’t be enough. What will truly set 6G apart is its ability to support intelligence at the extreme edge—from autonomous vehicles and aerial drones to real-time holographic communication and tactile internet experiences. To meet these demands, neuromorphic computing and edge AI are becoming essential building blocks in the 6G ecosystem.
⸻
Why Neuromorphic Computing Matters for 6G

Unlike traditional CPUs or GPUs, neuromorphic processors are designed to mimic the brain’s event-driven, energy-efficient processing. In a 6G world where billions of edge devices need to make split-second decisions—without relying on centralized cloud computing—neuromorphic chips offer a low-power, high-speed solution

 

[manny100]

FYI,
Under ASX Listing Rule 3.1A.1, incomplete engagements may not need to be disclosed if they meet certain criteria. Specifically, the rule provides an exception to disclosure if:

1. The information concerns an incomplete proposal or negotiation.
2. The information is confidential and has not been disclosed to the market.
3. A reasonable person would not expect the information to be disclosed.

However, if the incomplete engagements are likely to have a material effect on the price or value of the company's securities, or if the ASX believes a false market exists due to rumors or speculation, the company may be required to disclose the information to correct or prevent the false market.

The problem is if they make any hints or announcements concerning engagements in any way, shape or form and there are rumors which creates a false market BRN is expected to breach NDA agreements by the ASX.
They may lose the deal as a result.
That is why we can't get the slightest sniff of what is happening in relation to engagements.
It may be frustrating but it's just the way it is.
That is another problem in the Early Adoption cycle stage of techs - many clients do not want their competitors to know what they are doing hence NDA's.

 

[Space Cadet]

Maybe 6G and Ericsson will be the big one. Will take time though.

https://ee.stanford.edu/event/01-23...-communications-computing-control-and-sensing

SC

 

[manny100]

Stockhxxd article 16/1/25. TITLED" The AI boom is set to supercharge these ASX semiconductor stocks"
The article lists BRN as one of the stocks semi conductor stocks set to supercharge the AI boom.
Gives us a great tech wrap.
Google the title.

"BrainChip Holdings (ASX:BRN)​

Brainchip’s Akida processor isn’t just another AI chip – it’s built to mimic how the brain works.

Akida processes data in real time, directly on devices. It uses neuromorphic tech, meaning it learns and adapts on the spot.

Instead of relying on bulky cloud servers to process data, Akida works at the edge – right where the action is happening.

Akida is also said to process data with far less energy, meaning devices run longer and perform better.

It can handle complex tasks like image recognition, anomaly detection, and even pattern recognition in real time.

BrainChip’s stock soared in December after two massive wins.

First, Frontgrade Gaisler licensed BrainChip’s Akida tech for space microchips, while teaming up with the European Space Agency to power space-based AI.

Then, the Air Force Research Laboratory dropped a $1.8 million contract to use Akida 2.0 for radar algorithms, backing up BrainChip’s growing presence in military and aerospace AI."

 

[Bravo]

FYI,
Under ASX Listing Rule 3.1A.1, incomplete engagements may not need to be disclosed if they meet certain criteria. Specifically, the rule provides an exception to disclosure if:

1. The information concerns an incomplete proposal or negotiation.
2. The information is confidential and has not been disclosed to the market.
3. A reasonable person would not expect the information to be disclosed.

However, if the incomplete engagements are likely to have a material effect on the price or value of the company's securities, or if the ASX believes a false market exists due to rumors or speculation, the company may be required to disclose the information to correct or prevent the false market.

The problem is if they make any hints or announcements concerning engagements in any way, shape or form and there are rumors which creates a false market BRN is expected to breach NDA agreements by the ASX.
They may lose the deal as a result.
That is why we can't get the slightest sniff of what is happening in relation to engagements.
It may be frustrating but it's just the way it is.That is another problem in the Early Adoption cycle stage of techs - many clients do not want their competitors to know what they are doing hence NDA's.

Hi Manny,

As you stated, "Under ASX Listing Rule 3.1A.1, incomplete engagements may not need to be disclosed".

The criteria above is VERY easy to meet IMO.

SIMPLES!!!

Don't disclose said engagements because they are incomplete and confidential!

That way, no one knows anything and you maintain complete CONFIDENTIALITY!

PS: Remember when the photo went up on LinkedIn or whatever, showing the employees from Raytheon?

Well, that wasn't as a result of the ASX demanding disclosure of an NDA or anything, it was just someone at BrainChip uploading a photo and claiming they were partners. BrainChip weren't forced to do that! Then later the photo was removed. But it wasn't because of the ASX disclosure rules as far as I understand it.

If I have have misread or misinterpreted any of this, please feel free to elaborate?

 

[Iseki]

It appears the USAFRL and Navy transition via believes we are up to it. Both potentially huge.
QV/Lockheed- Martin as well - game changer cybersecurity. Plus others that have come to light since Sept'24.
Example of how long it takes.
Renesas licenced AKIDA in Dec'20. Two years later after negotiating with clients it announced in Dec'22 it announced it was taping out a chip of its own containing AKIDA.
The taping process likely took 3 to 6 months.
The client was likely auto so the testing process could take years and if not safety related we may see something later this year. If its safety related testing takes a lot longer.
But the chip is surely with a client otherwise why would Renesas bother.
Because BRN is around 74% public/retail owned and the ASX knows its highly shorted and traded BRN cannot announce the slightest information that may have the slightest chance of creating a false market.
The ASX puts up with trader created pumps and dumps but would not tolerate BRN giving traders a sniff. Eg Merc news which were not even BRN created.
The reason is that the ASX knows in false markets shorters and traders take money from mum and dad retailers who often buy near tops when the excitement peaks.
BRN, a predominately retail held stock is easy money for them. They are out to take your money.
BRN cannot even give qualified estimates of Engagements ongoing, projected revenue timeframes etc. Traders would jump on and pump like no tomorrow and dump leaving mums and dads watching as it falls.

Do you have any evidence that Renesas taped out an Akida chip? What sort of chip was it? Did they manufacture the chip after tape-out? Please provide any evidence you have. This could change everything!

 

[manny100]

Hi Manny,

As you stated, "Under ASX Listing Rule 3.1A.1, incomplete engagements may not need to be disclosed".

The criteria above is VERY easy to meet IMO.

SIMPLES!!!

Don't disclose said engagements because they are incomplete and confidential!

That way, no one knows anything and you maintain complete CONFIDENTIALITY!

PS: Remember when the photo went up on LinkedIn or whatever, showing the employees from Raytheon?

Well, that wasn't as a result of the ASX demanding disclosure of an NDA or anything, it was just someone at BrainChip uploading a photo and claiming they were partners. BrainChip weren't forced to do that! Then later the photo was removed. But it wasn't because of the ASX disclosure rules as far as I understand it.

If I have have misread or misinterpreted any of this, please feel free to elaborate?

Agree, BRN can claim any ongoing engagements should not be disclosed to the market and that would be fine.
However if information is leaked and rumors start a buying frenzy a 'false market' is created and the ASX would compel BRN to release all information it had to confirm or deny the rumors.
So BRN has to remain tight lipped to prevent rumors which experience tells us it would start SP spikes which would set off an ASX please explain which would compel BRN to breach an NDA or confidentiality.
The Ratheon pic did not start a price frenzy (only about a $1.8 mill deal) so a false market was not created therefore no please explain.
If rumors started that suggested a 5 year deal with Ratheon was being discussed there would have been a frenzy creating an ASX please explain etc. Then BRN would have likely suspended trading and called an urgent meeting with Ratheon to agree on an ASX release.

 

[7für7]

Guys, guys… seems like some of you are absolutely losing it here. The uncertainty is really bringing out the inner caveman in a few of you. But amidst all this chaos, let’s not forget the real heroism in life: Al Bundy scored 4 touchdowns in a single game back in 1966, leading the Polk High Panthers to the city championship. Now that’s greatness! That’s what matters!

 

[manny100]

Do you have any evidence that Renesas taped out an Akida chip? What sort of chip was it? Did they manufacture the chip after tape-out? Please provide any evidence you have. This could change everything!

No direct evidence but there are 33 references to AKIDA on the Renesas website which i cannot get access to so not sure how reliable these references are. So losing a bit of confidence.
Renesas is big in automotive and other products so for AKIDA to be of any use at all Renesas would have had to integrate it into a chip of its own or produce software for AKIDA to run. Whatever they have done they want confidentiality.
One thing is certain and that is Renesas would not have spent 2 years doing nothing with AKIDA and then taped it out from Dec'22 for no reason.

Search | Renesas

www.renesas.com

 

[White Horse]

The elephant in the room is the ASX management.
It's not the ASX Rules that are the problem.
It's their interpretation of the rules.
They are so complex and interwoven, they can start with the negative answer, and design the negative result.
Not to mention the WANCA factor.

 

[Rach2512]

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Interesting discussions in the comments, sorry if already posted.