Chip designer Arm makes its own advanced prototype semiconductor
Company to build test chip with factory partners, stoking fears it could in future compete with its biggest customers
Clearly there’s no revenue coming anytime soon….. which I don’t have a problem for now, however the lack of communication and hiding behind NDA’s will not cut it anymore….
With the AGM next month there’s No coincidence that all of a sudden our CEO decides he would like to communicate with his shareholders through a new quarterly podcast.
Where was the communication the past year…. Voting time next month.
I find the lack of respect for long term shareholders very disappointing.
I know which way I will be voting If I don’t see any progress in the next 4C
I will continue to respond to your posts as I wish. Place me on ignore if you can’t handle that.
Your motives have always been clear to me.
This place around AGM time to me resembles a wasp nest. A couple of protagonists poke the nest with a stick and all the wasps in here get stirred up looking to sting something, anything.So, if anyone on here has actually bothered to look at some of the companies partnering with us, and then bothered to look at their timelines for commercialisation they'll see that the development time-frames are mostly pitched for EOY 2023, then uptick in 24/25.
Take NVISO, because driver monitoring becomes mandatory at a certain time hence, ALL vehicles will require it past this point. Does everyone know the significance of these time-lines, because I'm pretty sure I do?
As for shares being issued. Many on this team could earn a lot more elsewhere, multiples probably, which we can't afford. Instead of millions in wages they get shares.
How many shares do they get and what is their worth?Just did a quick search on what Sean gets paid compared to the ceo of Arm and it seems very similar. Guess if I look at other roles within the company and they are probably on par with other companies. So where could they earn a lot more elsewhere?
Chip designer Arm makes its own advanced prototype semiconductor
Company to build test chip with factory partners, stoking fears it could in future compete with its biggest customerswww.ft.com
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Was only really looking at wages, but it’s very common wages to share ratio 25% to 75% shares, but these are with companies that have solid income, where at this stage we don’t, hence why I don’t agree currently with share issues to employees until we see some solid headwind in $$$. Maybe reward these employees with shares and a big bonus after x amount of years staying within the compan, because if they believe in the company and the tech, then this shouldn’t be an issue.How many shares do they get and what is their worth?
SC
Good to know its a lifestyle company right now.Was only really looking at wages, but it’s very common wages to share ratio 25% to 75% shares, but these are with companies that have solid income, where at this stage we don’t, hence why I don’t agree currently with share issues to employees until we see some solid headwind in $$$. Maybe reward these employees with shares and a big bonus after x amount of years staying within the company, because if they believe in the company and the tech, then this shouldn’t be an issue.
Hi AG:Agreed and I will be voting yes for the majority. I do disagree with Manny's though. That's a firm no from me.
Also, still getting my head around this podcast.
The way i see it, given the timing of the release, it was Sean begging the shareholders to vote yes to issue his performance shares despite the failures of the team to close out deals. It has backfired horribly though. Failed engagements, akido lol (Akida 2.0) not being available until the end of the year. We'll probably be in the 30s tomorrow off the back of it.
Even the most ardent supporter has to be somewhat frustrated at this point.
I'm with you on the Hernadez options issue. Why is the board proposing RSU's instead of re-issuing the options. To me it seems that MH has dodged putting his wallet where his paperwork is by not having to pay the price to exercise the options. Glad I voted no.Thanks for posting. With regard to Manny's stock options, I still feel uncomfortable voting a "yes". What was communicated was that he sought an extension for the options which was not possible to grant at that time, as it required a vote, so why can't the vote be to extend / reissue the options (which upon exercise would have resulted in some cash for the company) instead of outrightly gifting the RSUs (no cash inflow)? I doubt Manny would have any legal recourse in court as the options were issued to him, however he chose not to exercise them during the period that they were active. By granting him the shares, it would open another can of worms as I also recall that LDN also did allow his options to expire without exercising them. If Manny gets his shares, would LDN also have a legal basis to claim his?
If for example I sold an option on a house to a buyer, and, during our discussion to extend it has unfortunately lapsed, does it make sense for the me to say "Alright you can have the house for free mate it's on me" just because the option had expired?
One last feedback is that for non-ASX announcements, SH should have directed us to the "Resources" tab on the website for the latest updates and work to ensure that ALL media releases (podcasts, interviews, PR exercises etc) are updated there in a timely manner. As of now it's done in a very haphazard manner and it comes across as disorganised.
As an aside, for those (usually non-Aussie) investors whose holdings are held by nominee accounts, I have confirmed with my broker that in order to vote you'd have to request and complete a proxy form and instruct the nominee on how to vote on your behalf (and hope that the nominee actually votes on your behalf according to your instructions instead of just crumpling your form up and practice cubicle basketball with it).
Hmmmm, I seem to remember a certain contract in the past that this happened to as well - school surveillance I believe. How many blind alleys are we going to go down????Which company is he talking about that they won the contract but they ended up not going ahead with making a chip?
Some thoughts on the ARM chip;Chip designer Arm makes its own advanced prototype semiconductor
Company to build test chip with factory partners, stoking fears it could in future compete with its biggest customerswww.ft.com
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It's true we are ever so close now to achieving success and everyone is up in arms.This place around AGM time to me resembles a wasp nest. A couple of protagonists poke the nest with a stick and all the wasps in here get stirred up looking to sting something, anything.
We retail investors sometimes do more damage than good. The world has been turned upside down. We've had a pandemic which caused so many hurdles for companies around the world. We have a war in Ukraine started by a madman. This is followed by economic turmoil and possibly a recession to come. Leading tech companies are laying off thousands of employees and BRN is hiring.
Look at the list of companies we are aligned with. Not a bad list. So we are working in automotive on numerous levels, MB, Vale, Nviso and possibly more. We are working in defence and space. We are linked to health, communications and lots more. Prophesee can lead us to numerous leading companies. Megachips can lead us to many places. May have already, we just won't know. Renewal are getting ready to launch a chip with our IP.
As for shares being issued. Many on this team could earn a lot more elsewhere, multiples probably, which we can't afford. Instead of millions in wages they get shares. I would rather them have shares than high wages we can't afford. At least they benefit if we benefit. The alternative would be to have a shit team. This is an excellent team that has been put together and considering where the company is at in it's evolution I am over the moon. Two or three years ago, if you had shown me this list of executives I would have said hell yeah. I doubt there is anyone here who doubts the ability of PVDM and AM.
The company has had to change course but at least they listened to their potential customers and early adopters and made changes.
Just when we are getting close shareholders are trying to tear the company a new one. I just don't get it.
This is only one shareholders opinion but like I said I just don't get it. We have come along in leaps and bounds and are on the cusp. The company has my support and am happy with their progress. NDA's are difficult but a fact of life in this competitive tech space. I've learnt to accept it for what it is. I'm waiting for the time when companies can't wait to tell the world they have Akida in their product and I believe that in the next 2 years the company will be unrecognisable.
IMO only.
SC
Brilliant analysis barrel 🛢Some thoughts on the ARM chip;
1. Qualcomm litigation;
2. Major customers seeking to design their own processors.
3. ARM recently advised that it saw a major risk in having a large proportion of its business with a few major customers.
4. ARM recently announced proposed changes to its licensing model to increase revenue.
5. Softbank has $170B debt.
6. ARM is suddenly chummy with BRN.
1. Qualcomm supplies the processors for most mobile phones.
Qualcomm took over Nuvia which had a licence from ARM providing access to more advanced tech than the Qualcomm licence from ARM. ARM contends that the licence is non-transferrable. So does the ARM chip give ARM extra leverage over Qualcomm, possibly with a view to a settlement, because it would be a major shift for ARM to become a chip seller?
2. If ARM's major customers develop their own chips in competition with ARM, then ARM will need to find a new market. As we have seen selling IP to new customers is a tough job, so providing the finished article may ba an easier task.
3. See 1 & 2.
4. This is no doubt linked to 5 and also to 1.
5. res ipsa loquitur. Softbank need a heap of readies.
6. The half-full version is my preferred outcome (ie, unsupported by any confirmatory evidence), where ARM decides to float off its in-house AI, Helium, and replace it with Akida 2 in their "more advanced" chip.
The dots here are:
BrainChip joining ARM's preferred partners,
the very recent announcement of ARM's fabless chip production plans, where
IFS is slated to be the fab,
BRN is an IFS partner, and
ARM is about to sing Akida's praises.
Not "not", "now"?It's true we are ever so close not to achieving success and everyone is up in arms.
To make the best product you need the best team the best team costs money you need to spend money.
BRN are still increasing employees and growing. This is a big signal that they are busy as can be and need more staff qualified staff. You need to pay them yeah people losing jobs in the semiconductor industry but as in many industries first cut is the poor performing.
If there was no potential of future revenue in the precived future we would be cutting. The collaboration happening with many is quite evident.
I do feel many have lost patience and are angry upset disappointed after years of waiting.
Look back to what the current value of BRN is today and back then compare what your comparing for SP value.
The SP is reflective of a few component.
1. Revenue
2. IP enterprise value if bought out.
3. Future earnings.
Know we go back to 2016's products these were of a different nature. Can any one tell me of any companies that promoted Brain chip studio?
Research papers on the product?
University collaboration?
Now look at the eco system we have today even from 3 to 2 years ago we have really come a long way.
Our annual revenue has also grown if one looks it up. Slow yes but it's growing.
I do think Sean was promised more in his first address then materialized as any person he was excited what the future will bring. That's not a failure but a bump in the road. He is now careful in what he says do to the past so I will guess you won t get any info until it's released.
Those from the past invested in BRN that have lost time and patience need to evaluate what will work for them sell and move on or hold and wait. IMO.
We have a conference with edge on the 25th Arm and BRN are presenting early May 2023.
Many of those complaining bashing the company will likely not be at the AGM as they are not holders in the company Nd they have alterior motives just saying.
Opps just fixed it the auto correct on the phone is horribleNot "not", "now"?