Our little company BrainChip tapped out Akida and then the fabrication went very smoothly. I am confident that Renesas will also have such good fortune. I’m hoping for 12 weeks and the chip is in the hands of their customers.If they are at the point where they have done the tape-out, they have already gone a long way to get there (it will be about two years since Renesas signed on with BrainChip), and the journey isn't over yet.
Once they send the results for fabrication, they could run into problems fabricating their design at the foundry. Additionally, it is possible that the first chip received can fail functional testing and needs to go back for one or more iterations.
While Renesas' progress is excellent news from an engineering standpoint, it's possible that they may not be selling the chips with BrainChip's IP until 2024. I think for investors expecting to see rapid revenue growth, this news may not be super exciting for them.
A key takeaway is that this further validates the use of BrainChip IP and is one of the tendrils (along with MegaChips' products) that will take root to provide a future revenue stream for BrainChip.
I would be more excited to see an announcement of a partner's product availability at the end of the engineering process or news of more signed IP agreements. The number of IP agreements doesn't need to be that high if they are at the right level of the supply chain.